MarketAxess Holdings, Inc. (MKTX) Q4 2025 Earnings Call

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WEBVTT 00:00:00.892 -- 00:00:05.116 Ladies and gentlemen, thank you for standing by and welcome to the Market Access fourth 00:00:05.116 -- 00:00:08.800 quarter and full year 2025 earnings conference call. 00:00:08.800 -- 00:00:12.224 At this time, all participants are in a listen-only mode. 00:00:12.224 -- 00:00:14.786 Later, we will conduct a question and answer session. 00:00:14.786 -- 00:00:19.731 If you would like to ask a question during this time, simply press star followed by the 00:00:19.731 -- 00:00:24.696 number one on your telephone keypad. To withdraw your question, press star one again. 00:00:24.696 -- 00:00:30.845 As a reminder, this conference call is being recorded on February 6th, 2026. 00:00:30.845 -- 00:00:35.029 I would now like to turn the call over to Steve Davidson, Head of Investor Relations 00:00:35.029 -- 00:00:38.392 at Market Access. Please go ahead, sir. 00:00:38.392 -- 00:00:43.677 Good morning and welcome to the Market Access fourth quarter and full year 2025 00:00:43.677 -- 00:00:48.882 earnings conference call. For the call, Chris Contanan, Chief Executive 00:00:48.882 -- 00:00:53.807 Officer, will provide you with an update on our strategy and our business, and Eileen 00:00:53.807 -- 00:00:59.363 Feazell-Beeler, Chief Financial Officer, will review our financial results. 00:00:59.363 -- 00:01:04.129 Before I turn the call over to Chris, let me remind you that today's call may include 00:01:04.129 -- 00:01:06.292 forward-looking statements. 00:01:06.292 -- 00:01:10.918 These statements represent the company's belief regarding future events that by their 00:01:10.918 -- 00:01:13.401 nature are uncertain. 00:01:13.401 -- 00:01:17.987 The company's actual results and financial condition may differ materially from what 00:01:17.987 -- 00...