SAN FRANCISCO, Nov. 16 /PRNewswire-FirstCall/ -- The Pacific Exchange, Inc. ("PCX") announced that at the opening of business on Wednesday, November 16, 2005, it will commence trading options on the following equity securities: Industrial Select Sector SPDR Fund (PCX: XLI); iShares Lehman 7-10 Year Treasury Bond Fund (PCX: IEF); IShares Lehman 20+ Year Treasury Bond Fund (PCX: TLT); Materials Select Sector SPDR Trust (PCX: XLB); Midcap SPDR Trust Series 1 (PCX: MDY); Utilities HOLDRs Trust (PCX: UTH); Utilities Select Sector SPDR Fund (PCX: XLU).

Industrial Select Sector SPDR Fund options will trade on the March expiration cycle with exercise limits set at 20,000,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

iShares Lehman 7-10 Year Treasury Bond Fund options will trade on the March expiration cycle with exercise limits set at 5,000,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

IShares Lehman 20+ Year Treasury Bond Fund options will trade on the March expiration cycle with exercise limits set at 25,000,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

Materials Select Sector SPDR Trust options will trade on the March expiration cycle with exercise limits set at 25,000,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

Midcap SPDR Trust Series 1options will trade on the March expiration cycle with exercise limits set at 25,000,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

Utilities HOLDRs Trust options will trade on the February expiration cycle with exercise limits set at 7,500,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

Utilities Select Sector SPDR Fund options will trade on the March expiration cycle with exercise limits set at 25,000,000 shares. The issue will be traded by lead market makers Rob Kovell and Matthew Zahner of PEAK6 Capital Management, LLC.

Forward-Looking Statements

Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Archipelago's current expectations and involve risks and uncertainties that could cause Archipelago's actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Factors that could cause Archipelago's results to differ materially from current expectations include: general economic and business conditions, industry trends, competitive conditions, regulatory developments as well as other risks or factors identified in the Company's filings with the Securities Exchange Commission, including its Report on Form 10-K for the fiscal year ending December 31, 2004 and the Registration Statement on form S-4 filed by the NYSE Group, Inc., which was declared effective on November 3, 2005 and which is available on the Company's website at http://www.archipelago.com. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release. Except for any obligation to disclose material information under the Federal securities laws, Archipelago undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this press release.

For more information contact Todd Swearingen, (312) 442- 7747. tswearingen@archipelago.com

SOURCE Archipelago Holdings, Inc.

CONTACT:
Todd Swearingen, +1-312-442-7747, tswearingen@archipelago.com
Web site: http://www.archipelago.com