Tradeweb Markets Inc.

And welcome to TradeWeb's third quarter 2021 earnings conference call. As a reminder, today's call is being recorded and will be available for playback. To begin, I'll turn the call over to Head of U.S. Corporate Development and Investor Relations, Ashley Sorrell. Please go ahead.

Thank you, and good morning. Joining me today for the call are our CEO, Leo Lusky, who will review the highlights for the quarter and provide a business update. our President, Billy Hult, who will dive a little deeper into some growth initiatives, and our CFO, Sarah Ferber, who will review our financial results. We intend to use the website as a means of disclosing material non-public information and complying with the disclosure obligations under SEC Regulation FD. I'd like to remind you that certain statements in this presentation and during the Q&A may relate to future events and expectations. And as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements related to, among other things, our guidance are forward-looking statements. Action results may differ materially from these forward-looking statements. Information concerning factors that could cause action results to differ from forward-looking statements is contained in our earnings release and periodic reports filed with the SEC. In addition, in today's call, we will reference certain non-GAAP measures. Information regarding these non-GAAP measures, including reconciliations with GAAP measures, are in our posted earnings release and presentation. To recap, this morning we reported GAAP earnings with a loose share of $0.26. Excluding certain non-GAAP stock-based compensation expense, acquisition-related transaction costs, and acquisition incentives-related DNA and certain FX items, And assuming an effective tax rate of 22%, we reported a just-enough income to dilute a share of $0.39. Please see the earnings release and form 10-Q to be filed to the SEC for additional information regarding the presentation of our historical results. Now let me turn the call over to Lee.

Thanks, Ashley. Good morning, everyone, and thank you for joining our third quarter earnings call. Before I start my prepared remarks, I just wanted to say how excited we are to welcome Sarah Ferber as our new CFO. Sarah brings a wealth of experience, most recently as CFO of the IEX Group, having previously held senior roles in financial markets, banking, investor relations, technology, and electronic trading. She'll be taking the reins from Bob. who is retiring after a tremendously successful 12-year run at TradeWeb. And I want to thank Bob for all his contributions at the firm, especially the vital role he played in our 2019 IPO. Bob has been and will continue to be a very good friend and our partner.