CME Group Inc. (CME) Q4 2022 Earnings Call Transcript
CME Group Inc. (NASDAQ:CME) Q4 2022 Earnings Conference Call February 8, 2023 8:30 AM ET
Company Participants
Adam Minick - Investor Relations
Terrence Duffy - Chairman and Chief Executive Officer
Sean Tully - Senior Managing Director and Global Head, Rates & OTC Products
Tim McCourt - Senior Managing Director and Global Head, Equity & FX Products
Derek Sammann - Senior Managing Director and Global Head, Commodities, Options & International Markets
Julie Winkler - Chief Commercial Officer
John Pietrowicz - Chief Financial Officer
Lynne Fitzpatrick - Deputy Chief Financial Officer
Conference Call Participants
Rich Repetto - Piper Sandler
Dan Fannon - Jefferies
Gautam Sawant - Credit Suisse
Chris Allen - Citigroup
Alex Blostein - Goldman Sachs
Brian Bedell - Deutsche Bank
Alex Kramm - UBS
Simon Clinch - Atlantic Equities
Michael Cyprys - Morgan Stanley
Owen Lau - Oppenheimer
Ken Worthington - JPMorgan
Craig Siegenthaler - Bank of America
Andrew Bond - Rosenblatt Securities
Kyle Voigt - KBW
Operator
Greetings and welcome to the CME Group Fourth Quarter and Year End 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded, Wednesday, February 8, 2023. I would now like to turn the conference over to Adam Minick. Please go ahead.
Adam Minick
Good morning and I hope you are all doing well today. We will be discussing CME Group’s fourth quarter and full year 2022 financial results. I will start with the Safe Harbor language, then I will turn it over to Terry and team for brief remarks followed by your questions. Other members of our management team will also participate in the Q&A session.
Statements made on this call and in the other reference documents on our website that are not historical facts are forward-looking statements. These statements are not guarantees of future performance. They involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any statement. Detailed information about factors that may affect our performance can be found in the filings with the SEC, which are on our website. Lastly, on the final page of the earnings release, you will see a reconciliation between GAAP and non-GAAP measures.
With that, I will turn the call over to Terry.
Terrence Duffy
Thank you, Adam and thank you all for joining us this morning. We released our executive commentary earlier today, which provided extensive details on the fourth quarter of 2022. I am going to start with just a few high-level comments regarding the year and then John will summarize our financial results and Lynne will speak to our expense guidance for ‘23. In addition to John and Lynne, as Adam said, we have other members of our management team present to answer questions after the prepared remarks.