Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GOLDMAN SACHS GROUP INC/
   2. Issuer Name and Ticker or Trading Symbol
ARCHIPELAGO HOLDINGS INC [AX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
85 BROAD ST		 3. Date of Earliest Transaction (Month/Day/Year)
03/07/2006
(Street)

NEW YORK, NY 10004		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/07/2006   J(2)   7,305,722 D (2) 0 I See Footnotes (1) (2)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GOLDMAN SACHS GROUP INC/
85 BROAD ST
NEW YORK, NY 10004		     X    
GOLDMAN SACHS EXECUTION & CLEARING, L.P.
30 HUDSON STREET
JERSEY CITY, NJ 07302-4699		     X    
GS Archipelago Investment, L.L.C.
85 BROAD STREET
NEW YORK, NY 10004		     X    
SLK-HULL Derivatives, LLC
85 BROAD STREET
NEW YORK, NY 10004		     X    
SLK LLC
85 BROAD STREET
NEW YORK, NY 10004		     X    

Signatures

 /s/ Michael T. Seeley, Attorney-in-fact   03/09/2006
**Signature of Reporting Person Date
 /s/ Michael T. Seeley, Attorney-in-fact   03/09/2006
**Signature of Reporting Person Date
 /s/ Michael T. Seeley, Attorney-in-fact   03/09/2006
**Signature of Reporting Person Date
 /s/ Michael T. Seeley, Attorney-in-fact   03/09/2006
**Signature of Reporting Person Date
 /s/ Michael T. Seeley, Attorney-in-fact   03/09/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group"), Goldman Sachs Execution & Clearing, L.P. ("GSEC"), GS Archipelago Investment, L.L.C. ("GSAI"), SLK-Hull Derivatives LLC ("SLK-Hull"), and SLK LLC (and together with GS Group, GSEC, GSAI and SLK-Hull, the "Reporting Persons"). GSEC, GSAI, SLK-Hull and SLK LLC are direct or indirect wholly-owned subsidiaries of GS Group. SLK LLC is the sole general partner of GSEC. Each of GS Group and SLK LLC disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
(2) Disposed of pursuant to the Issuer's merger with the New York Stock Exchange, Inc. in exchange for an equal number of shares of common stock of NYSE Group, Inc., par value $0.01 per share ("NYX Common Stock"). Consists of 5,877,797 shares owned by GSEC, 1,264,877 shares owned by GSAI and 163,048 shares owned by SLK-Hull. On March 7, 2006, the effective date of the merger, the closing price of the Issuer's common stock, par value $.01 per share ("AX Common Stock") was $64.25 per share. The shares of NYX Common Stock commenced trading on March 8, 2006, the day following the effective date of the merger, at $67.00 per share. As a result of the merger, the Reporting Persons no longer directly or indirectly beneficially own shares of AX Common Stock.

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