CME Group Inc. (CME) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.937 Welcome to the CME Group first quarter 2025 earnings call. 00:00:04.937 -- 00:00:08.862 At this time, I would like to inform all participants that your lines have been placed 00:00:08.862 -- 00:00:13.468 on a listen-only mode until the question and answer session of today's conference. 00:00:13.468 -- 00:00:16.151 I would now like to turn the call over to Adam Minnick. 00:00:16.151 -- 00:00:18.632 Please go ahead. 00:00:18.635 -- 00:00:21.178 Good morning. I hope you're all doing well today. 00:00:21.178 -- 00:00:25.744 We released our executive commentary earlier this morning, which provides extensive details 00:00:25.744 -- 00:00:29.883 on the first quarter 2025, which we will be discussing on this call. 00:00:29.883 -- 00:00:33.827 I'll start with the Safe Harbor language, and then I'll turn it over to Terry. 00:00:33.827 -- 00:00:37.671 Statements made on this call and in the other reference documents on our website that 00:00:37.671 -- 00:00:40.714 are not historical facts are forward-looking statements. 00:00:40.714 -- 00:00:43.556 These statements are not guarantees of future performance. 00:00:43.556 -- 00:00:47.760 They involve risks, uncertainties, and assumptions that are difficult to predict. 00:00:47.760 -- 00:00:51.965 Therefore, actual outcomes and results may differ materially from what is expressed or 00:00:51.965 -- 00:00:56.689 implied in any statement. Detailed information about factors that may affect our performance 00:00:56.689 -- 00:01:00.224 can be found in the filings with the SEC, which are on our website. 00:01:00.224 -- 00:01:04.169 Lastly, in the earnings release, you will see a reconciliation between GAAP and non-GAAP 00:01:04.169 -- 00:01:06.373 measures following the financial statement. 00:01:06.37...