speaker
John T. Williams
Senior Vice President and Head of Investor Relations

Good afternoon, and thank you for joining us for Miami International Holdings, or MIAC's fourth quarter and full year 2025 earnings conference call. I'm John T. Williams, head of investor relations. With us today are Thomas P. Gallagher, chairman and chief executive officer, and Lance Emmons, chief financial officer. We will also have Douglas Schaefer, Jr., chief information officer, and Shelley Brown, chief executive officer of MIAC's futures and chief strategy officer, joining us for the Q&A session following our...

speaker
Debbie
Conference Operator

My apologies, you did not hear my introduction.

speaker
Debbie
Conference Operator

I will begin again. Thank you for standing by. My name is Debbie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Miami International Holdings, Inc. Fourth Quarter and Year End 2025 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. It is now my pleasure to turn the call over to John T. Williams, Senior Vice President and Head of Investor Relations. You may begin your conference.

Disclaimer

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Investor presentation