STC Market Update – 4th November 2019
The STC market has dropped significantly over the past couple of weeks following the end of the third quarter surrender period. The price opened two weeks ago at $38.05 and has since steadily dropped to a low of $36.60 before recovering slightly to back around the $37.00 level. The market was been relatively quiet with not a lot of buying interest. The forward market however has been very busy with a high volume of trades reported.
The number of STC’s created last week was once again high around 800,000 as we enter into the summer period.
The number of STC’s listed on the clearing house currently sits at 324,503, up approx 10k from last week. A link to the STC clearing house can be found here.
Our latest pricing for both registered and non-registered STC’s can be found here.