LaBranche & Co. Inc. is the parent company of LaBranche Structured Holdings, Inc. (LSHI), the holding company for a group of entities that are specialists and market-makers in options, futures and exchange-traded funds (ETFs), traded on various exchanges. The Company is also the parent company of LaBranche & Co. LLC. LaBranche Financial Services, LLC (LFS), another of the Company’s operating subsidiaries, provides securities execution, clearing and direct-access floor brokerage services to institutional investors. The Company operates principally in two segments: the Market-Making segment and the Institutional Brokerage segment.