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Corrected: Archipelago Holdings, Inc. Announces Change to Start Time for Earnings Results Conference Call Scheduled for October 25

CHICAGO--(BUSINESS WIRE)--Oct. 21, 2004--Archipelago Holdings, Inc. (PCX:AX), owner and operator of the Archipelago Exchange(SM) (ArcaEx(R)), announced today that the Company is changing the start time of its third quarter 2004 earnings conference call which is taking place on Monday, October 25, 2004. The call will now begin at 7:30 am Central Time instead of 3:00 pm Central Time as previously announced. The release will be issued at 7:00 am Central Time on Monday.

The call will be webcast live from Archipelago's Investor Relations webpage available at www.archipelago.com and will be accessible by telephone at the following numbers:

Calling from the USA or Canada: 800-638-5495
Calling from other countries: 617-614-3946
Conference ID: 99743086

Results will be available in the Investors Relations section at www.archipelago.com on October 25, 2004. Visitors to www.archipelago.com will be able to listen to an archived copy of the conference call webcast for one month following the call.

About Archipelago

Archipelago Holdings, Inc. (PCX:AX) owns and operates the Archipelago Exchange (ArcaEx). ArcaEx is the first totally open all-electronic stock market in the United States. Through its alliance with the Pacific Exchange, Inc., Archipelago operates ArcaEx as the exclusive equities trading facility of PCX Equities, Inc. Through ArcaEx, Archipelago customers can trade over 8,000 equity securities, including securities listed on the New York Stock Exchange(R), Nasdaq(R), American Stock Exchange(R) and Pacific Exchange(R). ArcaEx is regulated by the Pacific Exchange. The Archipelago ECN, a precursor to ArcaEx, was one of the four original ECNs, formed in December 1996 with Townsend Analytics.

CONTACT: Archipelago Holdings, Inc.
Margaret Nagle, 312-442-7083 (Press)
Patrick Murphy, 312-442-7005 (Investor Relations)
SOURCE: Archipelago Holdings, Inc.



"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Archipelago Holdings, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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