The Globe and Mail reports in its Friday edition that the Toronto Stock Exchange is jostling with upstart Aequitas Neo Exchange over which is the most attractive place for exchange-traded funds. The Globe's Christina Pellegrini writes that since 2011, the number of ETF listings on the Toronto Stock Exchange has more than doubled to 409. Now Aequitas is making a play for a piece of the growing ETF pie. In March, the Neo Exchange celebrated its first listing: an ETF from Invesco Canada Ltd., one of its backers. Last month, the nascent exchange garnered 19 per cent of ETF trading volume and 24 per cent of the value. It beat out seven other trading venues in Canada and trailed only the TSX, which handled 41 per cent of the total volume in ETF trading and 37 per cent of the value. A spokesman at TSX owner TMX Group responded by saying that Aequitas is cherry-picking the data to make itself look like a larger threat than it really is. The TSX figures Neo processed a higher proportion of cross trades. Excluding crosses at all venues, the Neo had 11 per cent of ETF trading volume in April and 14 per cent of the value, while the TSX commanded a trading volume of 48 per cent and 45 per cent of the value.