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Everything you need to know about the redesign of TMX Money

In June 2020, TMX released an updated and redesigned version of TMX Money. The redesign (which follows extensive investor research, surveys, focus groups, and testing) helps retail investors by providing them with the information and tools that they need to better research and discover companies that are listed on Toronto Stock Exchange and TSX Venture Exchange.

To help listed issuers, we have released a special FAQ that provides more information on the redesign of TMX Money and more details on how TMX Money sources and displays data. Contact details for further information are also provided in the FAQ.

FREQUENTLY ASKED QUESTIONS

This FAQ has been developed to provide guidance and assistance to companies listed on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV). All listed issuers are reminded that their use of TMX Money is subject to TMX Money's Terms of Use (available on TMX Money's website). Nothing in this FAQ replaces those Terms of Use.

What is TMX Money?

TMX Money is a retail investor-focused website that aggregates financial data on public companies from several third party data suppliers.

Why Was TMX Money Redesigned?

In 2020, TMX Money was redesigned following extensive investor research, surveys, focus groups, and testing. The redesign helps retail investors by providing them with the information and tools that they need to better research and discover companies that are listed on TSX and TSXV.

Where Does TMX Money Source its Information and Data?

TSX and TSXV do not directly supply the information or data that is displayed on TMX Money. All of the information and data on TMX Money is sourced and/or derived from third party data providers who feed financial market platforms globally. Key information and data sources (directly or indirectly) include: Barchart, Cision, Morningstar, QuoteMedia, SEDAR, SEDI, and TipRanks.

How Can Companies Learn More About What Specific Information or Data Fields Mean?

All of the information and data on TMX Money is sourced and/or derived from third party data providers. In several cases, notes are provided next to information and data to provide additional explanation. If you have questions about the information or data that is presented on TMX Money (for example: definitions, methodologies, approach to calculations, sourcing, frequency of updates, etc), please contact tmxmoney@tmx.com.

How is TMX Money Different From TSX InfoSuite?

TMX Money is a retail investor-focused website.

TSX InfoSuite is a market data and shareholder solution that is made available exclusively to listed companies. TSX InfoSuite provides listed company executives with a wide variety of data and functionality including shareholder information, consolidated Canadian marketplace trading, volume-weighted average price data, intraday trading, net house summaries, foreign exchange rates, short positions, and more. TSX InfoSuite is complimentary to all TSX- and TSXV-listed companies. For more information about TSX InfoSuite, please contact issuer.services@tmx.com.

What are Stocklists and How are They Derived?

The Stocklists that are presented on TMX Money are derived from information and data supplied by QuoteMedia. The criteria for each Stocklist is described at the top of the Stocklist. Stocklists are updated periodically as denoted by the disclaimer at the top of the webpage.

Companies cannot request to be added / deleted from Stocklists since all of the criteria are objectively set. For clarifications about the criteria and/or calculation methodologies used for a specific Stocklist, please contact tmxmoney@tmx.com.

What Trading Volume is Displayed on TMX Money?

TMX Money provides quote pages for every security that trades on TSX, TSXV, Alpha, OTC Markets, NYSE, Nasdaq and several other North American trading venues. The trading volume displayed on the quote Overview page represents the number of securities traded during the current trading session on the specific trading venue. The trading volume does not aggregate volume across multiple trading venues. TSX and TSXV issuers can get additional information about the trading of their securities (including Canadian Consolidated volume) via TSX InfoSuite. For more information about TSX InfoSuite, please contact issuer.services@tmx.com.

How Are Analyst Ratings and Price Targets Derived?

The analyst ratings and price targets are sourced from TipRanks. TipRanks provides three key pieces of information:

· Price Targets which provide the latest analyst ratings for a given stock (as sourced by TipRanks)
· Analyst Consensus Data which is based on analyst ratings from the last 3 months (as sourced by TipRanks)
· Analyst Ratings which are ratings of the analysts as determined by their historical track record

For clarifications or questions about analyst ratings and price targets, please contact tmxmoney@tmx.com.

How is Insider Activity Derived?

The insider activity is sourced from SEDI filings, via QuoteMedia. Non-Premium TMX Money users are able to view public market buying and selling by company insiders on an aggregated six month basis. Premium TMX Money users are able to view an itemized breakdown of all SEDI filed transactions at the individual level.

For clarifications or questions about insider activity, please contact tmxmoney@tmx.com.

How Can Companies Update / Correct Their Shares Outstanding?

TMX Money displays two metrics for shares outstanding:

· Listed Shares Out: displays the number of company securities that are currently listed for trading. This data is provided by QuoteMedia based on information provided by companies in their Form 1 Filings (TSX Issuers) and by company transfer agents (TSXV Issuers)
· Total Shares (All Classes): displays the aggregate number of securities outstanding (listed and unlisted) for all security classes of a company. This data is provided by QuoteMedia. In some instances, this data may only be updated quarterly

If you believe that your Listed Shares Out is incorrect, please contact company@tmx.com. A TSX/TSXV Company Services representative will respond within two business days to confirm/clarify your request. In some cases, a TSX/TSXV Company Services representative may be able to coordinate with your transfer agent (TSXV) and/or filing manager (TSX) to facilitate updates.

If you believe that your Total Shares (All Classes) is incorrect, please contact company@tmx.com. A TSX/TSXV Company Services representative will respond within two business days to confirm/clarify your request. Please note that TSX and TSXV cannot make changes to the Total Shares (All Classes) data that is displayed on TMX Money. However, as a service to listed issuers, a TSX/TSXV Company Services representative will make requests to the third party data providers on behalf of listed issuers. Please note that TSX and TSXV cannot guarantee that requests for changes will be made by third party providers.

How Can Companies Update / Correct Their Company Description?

TSX and TSXV do not directly supply the information or data that is displayed on TMX Money. All of the information and data on TMX Money is sourced and/or derived from third party data providers. As a result, TSX and TSXV cannot make changes to the company descriptions that are displayed on TMX Money. However, as a service to listed issuers, a TSX/TSXV Company Services representative will make requests to the third party data providers on behalf of listed issuers.

If you would like a TSX/TSXV Company Services representative to request a change to your company description on your behalf, please email the updated description to company@tmx.com. A TSX/TSXV Company Services representative will respond within two business days to confirm/clarify your request.

Please note that TSX and TSXV cannot guarantee that requests for changes will be made by third party providers.

How Can Companies Update / Correct Their Industry and/or Sector Classifications?

TSX and TSXV do not directly supply the information or data that is displayed on TMX Money. All of the information and data on TMX Money is sourced and/or derived from third party data providers. As a result, TSX and TSXV cannot make changes to the industry and/or sector classifications that are displayed on TMX Money. However, as a service to listed issuers, a TSX/TSXV Company Services representative will make requests to the third party data providers on behalf of listed issuers.

If you would like a TSX/TSXV Company Services representative to request a change to your industry and/or sector classification on your behalf, please email company@tmx.com. A TSX/TSXV Company Services representative will respond within two business days to confirm/clarify your request.

Please note that TSX and TSXV cannot guarantee that requests for changes will be made by third party providers.

How Can Other Company Information and Data be Updated or Corrected?

TSX and TSXV do not directly supply the information or data that is displayed on TMX Money. All of the information and data on TMX Money is sourced and/or derived from third party data providers. As a result, TSX and TSXV cannot make changes to any of the information or data that is displayed on TMX Money. However, as a service to listed issuers, the TMX Money product team or a TSX/TSXV Company Services representative will make requests to the third party data providers on behalf of listed issuers.

If you would like the TMX Money product team or a TSX/TSXV Company Services representative to make an information or data correction request to a TMX Money data provider on your behalf, please send the details of your request to the following:

· Analyst Ratings and Price Targets: tmxmoney@tmx.com
· Regulatory Filings: tmxmoney@tmx.com
· Insider Activity: tmxmoney@tmx.com
· Stocklists: tmxmoney@tmx.com
· Technical Charting: tmxmoney@tmx.com
· Other Information and Data: company@tmx.com

A TMX Money product team representative or a TSX/TSXV Company Services representative will respond within two business days to confirm/clarify your request.

Please note that TSX and TSXV cannot guarantee that requests for changes will be made by third party providers.

How Can Companies Report Bugs and Technical Issues?

If you experience bugs or technical issues with TMX Money, or if you find typographical errors or language inaccuracies, please contact tmxmoney@tmx.com so that the TMX Money product team can review and address the issues.

How Can Companies Provide Feedback and Suggestions for TMX Money?

In 2020, TMX Money was redesigned following extensive user (investor) research and testing. The redesign helps retail investors by providing them with the information and tools that they need to better research and discover companies that are listed on TSX and TSXV.

If you have feedback or suggestions for future enhancements to TMX Money, please contact tmxmoney@tmx.com so that the TMX Money product team can test your ideas with investors and, when appropriate, add them to the product development pipeline.

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