Today, and welcome to the Nasdaq Annual Meeting of Shareholders. I would now like to turn the conference over to Adena Friedman, Chair and CEO. Please go ahead. Good morning, ladies and gentlemen. The 2025 Annual Meeting of the Shareholders of Nasdaq is hereby convened and called to order. My name is Adena Friedman, Chair of the Nasdaq Board, CEO of Nasdaq, and Chair of this meeting. On behalf of the Board of Directors of Nasdaq, welcome to Nasdaq's 2025 Annual Meeting of Shareholders. We appreciate your attendance, your interest, and your support of Nasdaq. We are holding our annual meeting virtually. We have adopted a series of procedures that we believe provide shareholders with the same rights and opportunities to participate in this meeting as if they would be at an in-person meeting. Please note that if we experience technical issues such as a loss of audio or webcast connection, we ask that shareholders and guests stand by and allow us time to try to resolve the issue and resume the meeting or otherwise provide an update relating to the meeting. If we expect to be able to resolve the situation, I will adjourn the meeting, and the meeting will be reconvened in the same virtual format at the specified date and time that will be announced. If we are not able to resolve the situation, the polls will be immediately closed. Votes received prior to the time the polls were closed will be counted. The meeting will not be reconvened, and the results will be announced publicly. Finally, if you need technical assistance during the meeting, please call the phone numbers displayed on the meeting welcome login page. We have technicians available to assist you. The meeting is being recorded and will be available for replay on our website. I am pleased to inform you that the members of the Board of Directors are in attendance at this meeting, including Michael R. Splinter, our Lead Independent Director. In addition, certain members of our Management Committee are present at the meeting, including John Zecca, EVP and Chief Legal, Risk, and Regulatory Officer; Sarah Youngwood, EVP and Chief Financial Officer; Jeremy School, EVP and Chief Strategy Officer; and Brian Smith, EVP and Chief People Officer. Representatives from Ernst & Young LLP, the company's independent auditor, and from Broadridge Financial Solutions, the inspector of the election, are in attendance as well. Representatives from Ernst & Young are available to answer any questions that you may have during the Q&A session. Now I'll proceed with the meeting formalities. I will ask John Zecca, Chief Legal, Risk, and Regulatory Officer, to make his report. Thank you. I present proof by affidavit that notice of the meeting has been duly given and that a notice of internet availability of proxy materials has been mailed on or about April 28, 2025, to every shareholder of record as of April 14, 2025. As of the April 14, 2025, record date, there were 574,121,620 shares of Nasdaq Common Stock outstanding, subject to the voting limitation and a certificate of incorporation that generally prohibits a holder from voting in excess of 5% of the total voting power of Nasdaq. I also report that the Board of Directors has appointed Broadridge Financial Solutions to act as the inspector of election at this meeting and any adjournments hereof, and to count and examine all votes. The inspector of election has filed with me an oath of inspector and a report of inspector that a quorum is present at this meeting. Finally, I would like to remind you that certain statements in today's presentation and during 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. Actual results may differ materially from these projections. Information concerning factors that could cause actual results to differ from forward-looking statements is contained in our press releases and periodic reports filed with the SEC. Thank you, John. There being a quorum present, we will proceed with the business of the annual meeting. At this time, I will ask our lead independent director, Michael Splinter, to make a few remarks about the meeting procedures. Thank you, Adena. Hello, I'm Mike Splinter, the lead independent director of the Board of Directors. The agenda and meeting rules that will govern the meeting are available on the virtual meeting website. As the agenda notes, there are four matters for consideration by shareholders. No other business will be presented at this meeting, although time has been set aside for a question and answer session. Questions may be submitted during the meeting through the Q&A box on the virtual meeting website. We encourage you to submit any applicable questions that you may have. Also, if there are any shareholders or proxy holders present who have completed their proxies on the virtual meeting site and have not submitted their vote, please do so at this time or prior to the polls closing in accordance with the instructions in the proxy statement and using the virtual meeting website. I will now hand the meeting back over to Adena Friedman to provide her remarks on the company at this time. Thank you. Thank you. Thank you, Mike. I'd like to share our 2024 performance highlights and the progress that we have made as the trusted fabric of the world's financial system, followed by a recap of our strategic priorities and outlook for 2025. Reflecting on the past year, I'm extremely proud of Nasdaq's journey to become a scalable platform company. We continue to showcase the value of our solutions to clients as we drove growth across each of our divisions. Importantly, we substantially completed the integration of Calypso and AxiomSL and delivered solid free cash flow. Nasdaq also finished the year ahead of our net expense synergy and deleveraging goals. Our team's execution has strengthened our competitive position, demonstrated by the significant traction in new client wins, upsells, and cross-sells. This resulted in net revenues of $4.6 billion. On an adjusted basis, our non-GAAP net revenues were $4.7 billion, a 9% increase from 2023, with solutions revenue growth of 10%. Our annualized recurring revenue reached $2.8 billion, representing a 7.5% increase year over year. The reconciliations of these non-GAAP measures and others used throughout my remarks can be found on our IR website at ir.nasdaq.com. Finally, we continue to focus on returning capital to you, our shareholders, in the form of $145 million in repurchases of our common stock and $541 million in quarterly dividends during 2024. Now, let me highlight the performance across our three divisions. Our Capital Access Platforms division attracted new listings, supported corporate and investor decision-making, and drove even more liquidity into the market through our leading index franchise. The division generated 10% revenue growth driven by outstanding index performance. For the sixth consecutive year, Nasdaq was the top U.S. exchange for IPOs with 180 listings, raising $23 billion in proceeds. We achieved an 80% win rate among eligible operating company IPOs, including Lineage, the largest IPO of 2024. In the third quarter, we celebrated our 500th listing transfer, representing nearly $3 trillion in cumulative market value as of the date of each transfer. We welcomed 14 new transfers in the fourth quarter of 2024 alone, including Palantir, with total market value switches exceeding $180 billion for the year. Our index franchise had an exceptional year with 31% revenue growth and record AUM. We launched 116 new products, with over half introduced outside of the United States. Importantly, 27 of these products were in the institutional insurance annuity space, and 30 were in partnership with new clients, advancing our expansion strategy across innovation, globalization, and institutional markets. In our financial technology division, we achieved 10% revenue growth and 12% ARR growth, which resulted from deep and meaningful engagements with our clients. The financial system is at a point where transformation is technologically and culturally possible, with banking and capital markets industry increasing its adoption of cloud-based solutions. The integration of AxiomSL and Calypso has accelerated our platform company journey. Today, our financial technology division has emerged as a vital force of innovation, as our more than 3,800 clients now see us as a strategic partner in helping them solve their most critical challenges across risks, regulation, and trade infrastructure. Our enhanced product portfolio strengthened our client relationships, which resulted in 263 new clients, 424 upsells, and 11 cross-sells in 2024. Importantly, these wins represent our growing reach across the financial industry, and our cross-sells highlight our success with Tier 1 and Tier 2 banks. As the financial technology division continues to expand, we remain focused on deepening our relationships with our clients while delivering durable, broad-based growth. Now turning to our market services division, we achieved record full-year revenue driven by higher volumes across the U.S. equities, derivatives, and cash equities in both U.S. and European markets. Index options revenue more than doubled year over year, and we delivered record volume in the closing cross. We also advanced our market modernization with the migration of Nasdaq ISE to our next-generation Fusion Platform. At our March 2024 Investor Day, we introduced three strategic priorities: Integrate, Innovate, and Accelerate, which guided our success in 2024. Through the relentless execution of our Integrate priority, we established a well-structured financial technology division operating model with our One Nasdaq Go-to-Market approach. Our solid free cash flow enabled us to reduce our gross leverage ratio from 4.3 times to 3.6 times by year-end, ahead of our deleveraging target. Nasdaq exited 2024, having actioned over 100% of our net expense synergies target, and we announced an expanded program to deliver additional cost synergies and efficiencies. Moving to our Innovate priority, we amplified innovation across Nasdaq, introducing and incorporating new AI-powered solutions and product offerings across each of our divisions in 2024. We've seen solid client adoption to date, and our product managers continue to work on delivering new AI features in their product roadmap. Internally, our AI focus has evolved from exploring to driving measurable impact in 2025 as our team scales the use of AI to deliver efficiencies and productivity enhancements. With our Accelerate priority, we drove 17 cross-sells since the closing of the Adenza transaction, including 11 in 2024. Cross-sell opportunities now represent over 15% of Financial Technology division's pipeline, and we remain on track to exceed $100 million in run rate revenue from cross-sells by the end of 2027. Now I'd like to take a moment to discuss the current macro environment and our outlook for 2025. Recent policy shifts and ongoing talks around potential tariffs have created significant short-term volatility, and that uncertainty is at this point weighing on the global GDP growth expectations. Across all economic cycles, our clients rely on Nasdaq as a trusted partner. Our global markets enable capital formation and provide investors with certainty of execution. Nasdaq helps corporate issuers gain access to critical funding while providing banks, brokers, and investors with transparent and efficient mechanisms to adjust their strategies and comprehensively manage risk. Further, the recent volatility in U.S. Trading has illustrated the critical nature of our markets and the resilience of the underlying infrastructure. Nasdaq is a global business, and we have teams across the world that serve our clients at a local and regional level, which allows us to understand the specific dynamics that our clients face and enables Nasdaq to help them solve their challenges as they evolve. Against this backdrop, the power of Nasdaq's platform and diversified business positions us for resilient growth. In conclusion, we believe that 2024 was a year of strong advancement for Nasdaq as a leading partner to the global financial system. We executed on our strategic priorities, delivered key growth objectives, and achieved our synergy and deleveraging goals ahead of schedule. As we progress through 2025, we remain confident in our ability to achieve our medium-term outlook and continue creating value for our shareholders. Thank you for your continued support of Nasdaq. We will now proceed with the matters described in the proxy statements. Specifically, shareholders are requested to approve the election of the following 12 director nominees to the board of directors to serve until the next annual meeting or until such director successors are duly elected and qualified: Melissa M. Arnaldi, Charlene T. Begley, Adena T. Friedman, Isaac Kazim, Thomas A. Kloet, Katherine A. Koch, Holden Spate, Michael R. Splinter, Johan Torgby, Tony Towns-Whitley, Jeffrey W. Yabuki, Alfred W. Zoller. Proposal Two: To approve the company's executive compensation on an advisory basis. Proposal Three: To ratify the appointment of Ernst & Young LLP as Nasdaq's independent registered public accounting firm. Proposal Four: To approve an amendment to Nasdaq's amended and restated certificate of incorporation to provide for limited officer exculpation. As noted in the company's proxy statement, the board recommends that shareholders vote for the election of each nominee for director in Proposal One and for Proposals Two, Three, and Four. We will now hold a question-and-answer session on the four proposals for consideration. A general question-and-answer session will follow the business portion of the meeting, so please limit your questions at this time to these four proposals presented. I would now like to turn the call to Ato Garrett, Head of Investor Relations. Ato, are there any questions with respect to these four proposals? Yes, we're showing one question, and the question reads as follows: The calculation of the CEO compensation actually paid total in the pay versus performance table for the past several years can dramatically differ from the CEO total compensation amount in the summary compensation table. How does the compensation committee use the compensation actually paid total compensation figures in its calculation of CEO target total compensation award for the upcoming year? W. Yabuki, the Chair of our Management Compensation Committee, will now answer the question. Thanks, Adena. The foundational compensation philosophy of Nasdaq is to link pay to performance. The variability in the charts actually reflects that foundation and illustrates that the philosophy is working. Importantly, specific CEO compensation decisions are informed by competitive market data and actual CEO performance as evaluated by the committee. Thank you, Jeff. Ato, are there any further questions? We have no additional questions at this time. Okay. Thank you, Ato. We will now proceed with the vote on these four matters. Shareholders who have not voted yet or wish to change their vote may do so at this time in accordance with the instructions provided in the proxy statement. Please remember that if you already voted prior to the meeting, it is not necessary to vote again at this time. It is now 8:17 A.M. Eastern Time, and the polls are open for all proposals if there are shareholders who still desire to vote using the virtual meeting website and the instructions described in the proxy statement. If you have already voted, you do not need to vote again. We will leave the polls open for one minute to allow any shareholders who have not voted to vote at this time. We appreciate your patience during this period, during which there will be silence. The polls will continue to remain open for another 30 seconds. The polls are about to close. It is now 8:18 A.M. Eastern Time, and the polls are now closed for all proposals. No further voting shall be permitted. We will now take questions that have been submitted prior to or during the annual meeting through our virtual meeting website and in accordance with the instructions in the proxy statement and our meeting rules. Ato, are there any questions? We're showing no questions at this time. Thank you, Ato. We will now proceed to the announcement of the preliminary results. Our inspector of elections, Mr. Tony Carrillo of Broadridge Financial Solutions, has provided me with the preliminary voting results, which I will now present. The preliminary voting results are as follows: Proposal 1: Each of the 12 director nominees have been duly elected. Proposal 2: The compensation of our named executive officers on an advisory basis has been approved. Proposal 3: The appointment of Ernst & Young LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2024, has been ratified. Proposal 4: The amendment to Nasdaq's amended and restated certificate of incorporation to allow for the limited exculpation of officers of the company has been approved. We expect to report the final results of the voting on a Form 8-K to be filed with the U.S. Securities and Exchange Commission within four business days of this meeting. This concludes the official business portion of our meeting. I want to thank you all for attending today's meeting and for the interest you've shown in Nasdaq. Since there's nothing further to come before this meeting, I declare this meeting adjourned as of 8:20 A.M. Eastern Time. Thank you. Thank you. This concludes today's presentation. You may now disconnect your lines.