William J. Brodsky - Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Chicago Board Options Exchange Incorporated and Chief Executive Officer of Chicago Board Options Exchange Incorporated Alan J. Dean - Chief Financial Officer, Executive Vice President of Finance & Administration and Treasurer Edward T. Tilly - President, Chief Operating Officer, President of CBOE, President of C2 Options Exchange, Chief Operating Officer of C2 Options Exchange and Chief Operating Officer of CBOE Analysts Richard H. Repetto - Sandler O'Neill + Partners, L.P., Research Division Howard Chen - Crédit Suisse AG, Research Division Alex Kramm - UBS Investment Bank, Research Division Patrick J. O'Shaughnessy - Raymond James & Associates, Inc., Research Division Jillian Miller - BMO Capital Markets U.S. PresentationOperator Good day, everyone, and welcome to today's CBOE Holdings Second Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded. At this time, for opening introductions, I would like to turn the call over to Debbie Koopman, Vice President, Investor Relations. Deborah Koopman Thank you. Good morning and thank you for joining us on our second quarter conference call. On the call today, Bill Brodsky, our Chairman and CEO, will discuss the quarter and our strategic initiatives for 2012. Then Alan Dean, our Executive Vice President and Chief Financial Officer, will detail our second quarter 2012 financial results. Following their comments, we will open the call to Q&A. Also joining us for Q&A is our President and COO, Ed Tilly, and our Executive Vice President and Chief Business Development Officer, Ed Provost.