Copyright © 2026 TSX Inc. All rights reserved. Do not copy, distribute, sell or modify this document without TSX Inc.’s prior written consent. This information is provided for information purposes only. Neither TMX Group Limited nor any of its affiliated companies guarantees the completeness of the information contained in this publication, and we are not responsible for any errors or omissions in or your use of, or reliance on, the information. This publication is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice. The information provided is not an invitation to purchase securities listed on Toronto Stock Exchange and/or TSX Venture Exchange. TMX Group and its affiliated companies do not endorse or recommend any securities referenced in this publication. TMX, the TMX design, TMX Group, TMX Money, TMX Datalinx, Consolidated Best Bid and Offer, CBBO, Toronto Stock Exchange, TSX Venture Exchange and TSX are the trademarks of TSX Inc.

Copyright © 2024 TSX Inc. All rights reserved

DATALINX

Contact

Post-Trade

CDCC

CDS

Make ETF approvals faster, recommendations clearer and compliance easier with one trusted source for real-time price, liquidity and cost.

One Trusted View of the Entire ETF Market
Built for the Canadian ETF Ecosystem

ETF TrueView is designed for market participants who need clear, defensible data and real-time insights to support sound decision-making.

Mutual Fund Dealers

  • Simplify ETF product review and approval workflows
  • Reduce time spent reconciling data from multiple sources
  • Strengthen defensibility of compliance decisions

MFDA‑ETF Advisors

  • Gain confidence when evaluating and recommending ETFs
  • Support suitability discussions with clearer price, liquidity and cost insights
  • Access ETF data built for regulatory expectations, not trading desks

ETF Issuers

  • Improve visibility into true liquidity and pricing
  • Support broader distribution through the MFDA channel
  • Reduce friction in dealer due diligence processes
Targeted Access to the Data You Need

Available from TMX Datalinx®, Canada’s trusted source for financial market intelligence, ETF TrueView offers two near-real-time data feeds that deliver comprehensive insights without the overhead of premium trading feeds.

  • TEL1 provides coverage for TSX-listed ETFs only
  • CEL1 offers full coverage across all Canadian marketplaces
     

Choose the feed that fits your operational needs and compliance priorities.

Optimize your ETF compliance and distribution with TMX ETF TrueVliew.  

Contact us today to learn how.

TMX ETF TrueView

A consolidated market data feed that delivers a complete, regulatory‑ready view of price, liquidity and cost for Canadian ETFs.

As ETFs become more accessible to mutual fund advisors, the data required to evaluate, approve and distribute them hasn’t kept pace. Today, ETF market participants are forced to piece together:

Last‑sale prices that don’t reflect true market value

Partial liquidity signals from individual marketplaces

Cost data sourced separately to meet growing disclosure obligations

This fragmented and inefficient data view increases unnecessary compliance risk, slows internal approvals, and undermines confidence, just as regulatory scrutiny intensifies ahead of the 2026 Total Cost Reporting (TCR) mandate.

True Price

Derived from the Consolidated Best Bid and Offer™ (CBBO®), the ETF midpoint provides a more accurate, real‑time valuation for thinly traded ETFs where last‑sale pricing can be misleading.

True Liquidity

TMX Consolidated Volume aggregates trading activity across all Canadian marketplaces, resolving the optical illiquidity problem that often delays dealer approvals and raises unnecessary concerns.

True Cost

Fund Expense Ratio (FER) and Daily Cost Factor (DCF) data from FunData TCR support consistent cost disclosure and help firms prepare for the 2026 TCR requirements.

ETF Data You Can Trust. Decisions You Can Defend.

The Three Pillars of “True” ETF Data

TMX ETF TrueView Delivers the Full Picture

TMX ETF TrueView is a near-real-time market data service that delivers a consolidated view of price, liquidity and cost for Canadian-listed ETFs. Designed to support compliance, distribution and due diligence efforts, it combines TMX’s ETF Midpoint pricing, consolidated trading volume across all marketplaces, and standardized fund cost data into a single, trusted feed.
 
ETF TrueView helps market participants — from advisors and dealers to product issuers — navigate evolving regulatory requirements, use consolidated data to drive better decisions, and enhance confidence in ETF evaluation and recommendation.
 
Eliminate data blind spots by viewing three essential signals in one feed.

Conversion Event: window.lintrk('track', { conversion_id: 25144452 });