Operator: Good day ladies and gentlemen, and welcome to the Third Quarter 2012 NYSE Euronext Earnings Conference Call. My name is Caris, and I will be your operator today. At this time, all participants are in a listen-only mode. We will be facilitating a question-and-answer session towards the end of the conference. For the Q&A session, we ask that callers limit their questions to one to allow for broader participation.
I would now like to turn the call over to Stephen Davidson, Head of Investor Relations at NYSE Euronext. Please go ahead, Sir.
Stephen Davidson - VP, IR: Thanks Caris. Good morning, and welcome to the NYSE Euronext's third quarter 2012 earnings conference call. Before I introduce today's speakers, let me remind you that comments on the call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause NYSE Euronext's actual results to differ materially from those in the statements. These forward-looking statements speak as of today and you should not rely on them as representing our views in the future.
Please refer to our SEC filings for a full discussion of the risk factors that may affect any forward-looking statements. Except for any obligation to disclose material information under the federal securities laws, NYSE Euronext undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after this conference call.
We will discuss non-GAAP financial measures during this call. These non-GAAP measures are fully reconciled in the tables attached to the text of the earnings press release that we issued earlier today. We believe that these tables provide investors useful information about our business trends. However, our non-GAAP measures do not replace and are not superior to GAAP measures.
Duncan Niederauer, our Chief Executive Officer will review the highlights for the quarter, update you on key developments in our businesses and conclude with his outlook on various regulatory and macro issues. Michael Geltzeiler, our Chief Financial Officer will then review the financial results for the quarter. We will then open the line for your questions. Also in the room for the Q&A session is Larry Leibowitz, Chief Operating Officer.
We are incorporating slides for the call today which are available for viewing on our website and Duncan and Mike will refer to the slides during their remarks.
With that, let me now turn the call over to Duncan.
Duncan L. Niederauer - CEO and Director: Thanks, Steve and good morning, everybody. Thanks for joining the call today. Such an important day in the U.S. here, Election Day. Do try to get out and vote. Our (firm) doesn't have any powers, so I guess we are going to be doing it old school today, but we're going to make sure we do that tonight.
Before I get into the results, I do want to take a few minutes to talk about hurricane Sandy. It was a pretty challenging week for our community here at NYSE Euronext and many other communities in and around the East Coast.