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Structure and Subsidiaries
Archipelago Holdings, L.L.C. is the parent company of several securities-related businesses. Following is a brief description of each business.


Archipelago Exchange® (ArcaEx®)
The Archipelago Exchange (ArcaEx) is the world’s first totally open, all electronic stock market. Through ArcaEx, our clients can trade more than 8,000 equity securities, including NYSE, NASDAQ, AMEX and PCX-listed securities, ETFs and other exchange-listed securities. For more information about listing or trading on ArcaEx, simply click on the appropriate link.


Archipelago Trading Services, Inc.
Archipelago Trading Services is a broker/dealer that sponsors access to Arca Edgesm — our platform for trading small-cap equity securities typically quoted on the OTCBB.

Click here for more information on Arca Edge.


Archipelago Market Data Services, L.L.C.
Archipelago customers can access market data products on a real-time and summary basis through Archipelago Market Data Services. Customers can view in real time the bids and offers posted on ArcaEx and can access other extensive market and trading data through our website.


Archipelago Securities, L.L.C.
Archipelago Securities is a facility of the PCX. In this capacity, it acts as a routing broker/dealer to other market centers.


Archipelago Europe Limited
Our London-based broker/dealer is registered with the Financial Services Authority in the United Kingdom and markets products and services to institutional investors throughout Europe.


Wave Securities
Wave Securitiessm is a full-service, executing broker/dealer for institutions and hedge funds providing access to all U.S. equity markets. Wave provides a full range of professional order types and routes, as well as sponsoring and supporting anonymous access to ArcaEx and other markets.

For more information on Wave Securities, access the web site at www.wavesecurities.com.


Wave Securities Canada, Inc.
Wave Securities Canada acts as an introducing broker/dealer for Canadian institutional investors that wish to access ArcaEx or other markets.

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