StockTwits, a real-time financial platform for the investing community and creator of the $(TICKER) tag for the widest syndication of investment information, announced today it has expanded its service to include companies listed on the Toronto Stock Exchange (TSX).
The company has also added The Globe and Mail to the StockTwits Distribution Network, distributing investment ideas and information about both U.S. and Canadian stocks to its more than one million readers.
This expansion opens a new channel for the investing community to share ideas on TSX traded stocks, and for TSX companies to establish direct, real-time communication and information exchanges with investors via the StockTwits Enterprise Investor Communications Solution -- built specifically for managing investor communications through social media.
With this expansion, StockTwits extends the $(TICKER) convention (created by the company to identify investing ideas across social media platforms) to support thousands of Canadian tickers. Using the format $(TICKER).CA, users can now syndicate investor information about Canadian tickers across major social media and financial outlets, including The Globe and Mail, the StockTwits community, Yahoo! Finance, Reuters, Twitter, Facebook and LinkedIn.
Since launching its Investor Communications Solutions in June 2011, StockTwits has seen tremendous interest from Canadian companies wishing to take control of their presence on the StockTwits platform, and other critical online distribution outlets, while addressing the unique challenges presented by investor communications in social media. Pacific North West Capital ($PFN.CA) is the first company traded on the TSX to implement StockTwits Enterprise Investor Communications Solutions into their strategy. Other TSX companies already communicating on StockTwits include NovaGold ($NG.CA), Telus ($TU.CA), Silver Wheaton ($SLW.CA), CGI Group ($GIB.CA) and Potash Corp. ($POT.CA).
"Social Media is becoming an increasingly important communication tool in today's world," said Denita Stann, Vice President, Investor and Public Relations for PotashCorp. "Our company has utilized StockTwits -- and other social media platforms -- as another communication tool to keep our shareholders informed."
With this expansion, TSX companies will have a ticker page on StockTwits, showing ideas, news, and information that has been tagged with the $(TICKER).CA by investors, analysts, media and the companies themselves. This ticker stream is available not only on StockTwits, but across the StockTwits Distribution Network. Each Canadian company ticker includes the market price for the stock, in Canadian dollars, to ensure investors understand the price movements while keeping a close eye on the StockTwits stream.