Market Data – Market data revenue of $20.9 million in the fourth quarter of 2020 increased 7.8% over the fourth quarter of 2019 (7.3% on a constant monetary basis), due to the provision of additional data under our market licensing agreements with Refinitiv. Tradeweb Markets will hold a conference call today, February 4, 2021, starting at 9:25 a.m. EST, to discuss fourth quarter 2020 results. A live audio webcast of the conference call with related documents will be available on investors.tradeweb.com. Interested parties can also access the call by selecting 866-221-1629 (U.S.) or 470-495-9175 (international) and typing the passcode 6190256. After the conference call, an archived recording is available under investors.tradeweb.com. In addition to tradeweb Markets Inc.`s consolidated earnings and addendum, which are accounted for on a GAAP-based account, we present Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted EBIT and Adjusted EBIT margin as a measure of our operating performance and adjusted net income and adjusted diluted EPS as indicators of our profitability. Adjusted EBITDA is defined as earnings before the investment, excess interest, provision for income taxes and depreciation, adjusted for the effect of certain other items, including certain stock-based compensation expenses and payroll taxes related to certain option years, tax and profit adjustments and losses on outstanding foreign exchange contracts, as well as the revaluation of foreign cash denominated liquidity. Adjusted EBIT is defined as the result before possible implementation, excess interest and provisions for income taxes, adjusted for the effect of certain other items, including certain stock-based compensation expenses and payroll taxes related to certain option years, tax obligation adjustments, amortization of acquisitions and share disposals, depreciation and amortization on outstanding foreign exchange futures, as well as the revaluation of cash foreign exchange outstandings. Tax liabilities recorded in the financial position during the applicable period are recorded as a result of changes in income, tax and taxation rates in various legal systems that have impacted our tax savings. Adjusted net income is defined as net income that can be added to Tradeweb Markets Inc.