Ed Ditmire | Vice President, Investor Relations |
Adena Friedman | Chief Executive Officer |
Michael Ptasznik | Chief Financial Officer |
Richard Repetto | Sandler O'Neill + Partners, L.P. |
Christopher Allen | Rosenblatt Securities Inc. |
Kyle Voigt | Keefe, Bruyette & Woods, Inc. |
Brian Bedell | Deutsche Bank AG |
Christopher Harris | Wells Fargo Securities, LLC |
Alex Kramm | UBS Warburg LLC |
Alexander Blostein | Goldman Sachs & Co. |
Michael Carrier | Bank of America Merrill Lynch |
Jeremy Campbell | Barclays Capital, Inc. |
Benjamin Herbert | Citi |
Good day, ladies and gentlemen, and welcome to the Nasdaq Fourth Quarter 2017 Results Conference Call. At this time, all participants are in a listen-only mode. Later, there will be a question-and-answer session, and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded. I'd now like to turn the conference over to Ed Ditmire, Vice President, Investor Relations.