BGC Group, Inc.

Greetings and welcome to the BGC Group Second Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Jason Chryssicas, Head of Investor Relations. Please go ahead.

Hello, everyone. This morning we issued BGC's financial results, which can be found at ir.bgcg.com. Any historical results provided on today's call compare only the current period with the prior year period unless otherwise specified. All references on today's call to record or all-time high results are to BGC's standalone financial results, excluding Newmark, prior to the spinoff in November 2018. We will be referring to our results on a non-GAAP basis, which include the terms adjusted EBITDA and adjusted earnings. Please refer to today's investor materials on our website for additional details on our financial results. relevant economic and industry statistics, and for the complete and updated definitions of any non-GAAP terms, reconciliations of these items with corresponding GAAP results, and how, when, and why management uses them. The outlook discussed today assumes no material acquisitions or dispositions. Our expectations are subject to change based on various macroeconomic, social, political, and or other factors. Information on this call contains forward-looking statements, including, without limitation, statements about our economic outlook and business. These statements are subject to risks and uncertainties which could cause our actual results to differ from expectations. Except as required by law, we undertake no obligation to update any forward-looking statements. For information on factors that could cause actual results to differ from forward-looking statements and 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 within these documents. With that, I am now happy to turn the call over to Sean Windeatt, Co-Chief Executive Officer of BGC Group. Thank you, Jason.

Good morning and welcome to our second quarter 2026 conference call. With me today are my fellow co-chief executive officers, John Abularrage and JP Oban, along with our chief financial officer, Jason Hauf. We produced revenues of $846 million, a second quarter record, up 8% versus last year. This growth was broad-based across every asset class, Reflecting the durability, diversification and the strength of our global platform. Our revenues for the first half of 2026 were up more than 24% to $1.8 billion, the highest ever through the first two quarters of the year. Since 2022 and the return of interest rates, we have grown our revenues double digits every year since. and our half-year revenues in 2026 were greater than our full-year revenues of just three years ago. FMX once again saw market share gains across its cash US Treasury and futures businesses. FMX UST market share grew to 42%, a new all-time high, and FMX SOFRA and US Treasury futures also reached new market share highs for the month of June. With that, I'd like to turn the call over to John to discuss our exciting new partnership with Fanatics and the quarterly results of the business in more detail.