BGC Group, Inc.

Greetings, and welcome to the BGC Group Incorporated's third quarter 2024 earnings call. At this time, all participants are in listen-only mode. The question and answer session will follow today's formal presentation. If anyone should require operator assistance, please press star zero from your telephone keypad. As a reminder, this conference is being recorded. Now, my pleasure to introduce Jason Krasikas, Head of Investor Relations. Mr. Krasikas, you may now begin.

Thank you, and hello, everyone. This morning, we issued BGC's third quarter 2024 financial results press release and earnings presentation. You can find these at ir.bgcp.com. Except as otherwise specified, any historical results provided on today's call compare only the third quarter of 2024 with the prior year period. And we will be referring to our results on a non-GAAP basis, which include the terms adjusted earnings and adjusted ETH. Please refer to today's press release investor presentation supplemental tables and our website for additional details on our quarterly results and for complete and updated definitions of any non-GAAP terms, reconciliations of these items to corresponding GAAP results, and how and when management uses them. The outlook discussed today assumes no material acquisitions or meaningful changes in our stock price. Our expectations are subject to change based on various macroeconomic, social, political, and other factors. None of our targets or goals beyond 2024 should be considered formal guidance. Also, I remind you that information on this call contains forward-looking statements, including without limitation, statements concerning our economic outlook and business. Such statements are subject to risks and uncertainties, which could cause actual results to differ from expectations. Except as required by law, we undertake no obligation to update any forward-looking statements. For a complete discussion of the risks and other factors that may impact these forward-looking statements, see our SEC filings, including but not limited to the risk factors and disclosures regarding forward-looking information in our most recent SEC filings. And with that, I'm now happy to turn the call over to Howard Letnick, Chairman of the Board and the CEO of BGC Group.

Thank you, Jason. Good morning, and welcome to our third quarter 2024 conference call. With me today is Shawn Windyatt, our Chief Operating Officer, and Jason Huff, our Chief Financial Officer. We delivered record third quarter revenues of $561 million, up 16% compared to last year. Our strong performance reflected growth across every asset class and region. We drove our pre-tax adjusted earnings up more than 24%. Earlier this month, we agreed to Cryer OTC Global Holdings, the largest independent energy and commodities broker, and we closed our acquisition of Sage Energy Partners. We expect both transactions to be immediately accreted, and together we'll add more than $450 million in annual revenues. FMX continues to outperform its peers, generating record volumes across our U.S. Treasury and FX platforms. FMX Futures Exchange, which launched September 23rd, provides clients with much-needed innovation, superior pricing, and dramatically improved capital efficiencies. We expect to connect an additional 5 to 10 of the largest FCMs over the next couple of quarters. With that, I'll turn the call over to Sean.