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February 10, 2012 8:00 am ET
Stephen Davidson - Vice President of Investor Relations
Duncan L. Niederauer - Chief Executive Officer and Director
Michael Geltzeiler - Chief Financial Officer and Group Executive Vice President
Lawrence Leibowitz - Chief Operating Officer
Richard H. Repetto - Sandler O'Neill + Partners, L.P., Research Division
Niamh Alexander - Keefe, Bruyette, & Woods, Inc., Research Division
Rob Rutschow - Credit Agricole Securities (USA) Inc., Research Division
Roger A. Freeman - Barclays Capital, Research Division
Alex Kramm - UBS Investment Bank, Research Division
Patrick J. O'Shaughnessy - Raymond James & Associates, Inc., Research Division
Good day, ladies and gentlemen, and welcome to the Fourth Quarter and Full Year 2011 NYSE Euronext Earnings Conference Call. My name is Dianna, and I will be your operator for today. [Operator Instructions] And as a reminder, today's conference is being recorded for replay purposes. I would now like to turn the call over to Stephen Davidson, Head of Investor Relations at NYSE Euronext. Please go ahead, sir.
Thank you, Dianna. Good morning, and welcome to the NYSE Euronext Fourth Quarter and Full Year 2011 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 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.