Toronto Stock Exchange has surpassed a significant milestone this week with more than 400 exchange traded funds now listed on its platform. The number of ETFs listed on the exchange has more than doubled since 2011, bringing its total market capitalization to approximately $106 billion as of 30 April 2016.

To celebrate the achievement, ETF industry participants joined Shaun McIver, Chief Client Officer, Equity Capital Markets, TMX Group to open trading on 4 May 2016.

“Throughout the impressive history of this visionary product, from the launch of the world’s first ETF here in 1990 to this incredible milestone, Toronto Stock Exchange has proudly been Canada’s home for ETFs,” said Nick Thadaney, President and CEO, Global Equity Capital Markets, TMX Group. “The ETF segment continues to be a phenomenal growth story domestically, fueled by Canadian ETF providers’ continuous innovation in product offerings. TMX remains committed to supporting its clients and the continuing evolution of the ETF.”

Toronto Stock Exchange welcomed four new ETF providers in the first four months of this year and is now home to 16 providers. These include Auspice Capital Advisors, BMO, First Asset, First Trust, Hamilton Capital Partners, Horizons ETFs, iShares, Lysander Funds, Mackenzie Investments, PowerShares Canada, Purpose Investments, Questrade Wealth Management, Sphere Investment Management, TD Asset Management, RBC Global, and Vanguard Investments Canada.