CME Group's (CME) CEO Terry Duffy on Q1 2022 Results - Earnings Call Transcript

CME Group Inc. (NASDAQ:CME) Q1 2022 Earnings Conference Call April 27, 2022 8:30 AM ET

Company Participants

John Peschier – Managing Director-Investor Relations

Terry Duffy – Chairman and Chief Executive Officer

John Pietrowicz – Chief Financial Officer

Julie Winkler – Chief Commercial Officer

Sunil Cutinho – Chief Information Officer

Derek Sammann – Senior Managing Director, Global Head-Commodities, Options and International

Sean Tully – Senior Managing Director, Global Head-Rates and OTC Products

Conference Call Participants

Rich Repetto – Piper Sandler

Dan Fannon – Jefferies

Alex Kramm – UBS

Alex Blostein – Goldman Sachs

Brian Bedell – Deutsche Bank

Ken Worthington – JPMorgan

Owen Lau – Oppenheimer

Kyle Voigt – KBW

Chris Allen – Compass Point

Simon Clinch – Atlantic Equity

Gautam Sawant – Credit Suisse

Michael Cyprys – Morgan Stanley

Operator

Good day, and welcome to the CME Group First Quarter 2022 Earnings Call. At this time, I would like to turn the conference over to John Peschier. Please go ahead.

John Peschier

Good morning, and I hope you are all doing well today. I’m going to start with the safe harbor language, then I’ll turn it over to Terry and John 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.

Terry Duffy

Thank you, John, and thank you all for joining us this morning. We released our executive commentary, as John said, earlier today, which provided extensive details on the first quarter of 2022. Also, as John said, I have John, Sean, Derek, Sunil and Julie Winkler on the call or in the room with us this morning. I will start, and then John will provide some comments before we open the call for your questions.