On Slide 15, we provide an update on cash flow and capital management. As of December 31, our cash and investments were $543,000,000 and our trailing 12 month free cash flow was 297,000,000 During the Q4, we paid out $25,000,000 in quarterly dividends to our shareholders and repurchased approximately 112,000 shares for a total cost of $45,000,000 We exhausted the $100,000,000 repurchase program that was approved last year, and our Board of Directors authorized a new 150 During the Q4, we did not have any borrowings on the $500,000,000 revolving credit facility for the $200,000,000 secured facility. Our Board of Directors approved a 6% increase in our regular quarterly dividend to $0.70 On Slide 16, we have our 2022 guidance for expenses, capital expenditures and the effective tax rate. We expect the total 2022 expenses will be in the range of $385,000,000 to $415,000,000 Approximately 60% of the increase is due to our continued investment in the trading system and personnel to support Our product and geographical expansion. 2022 capital expenditures are expected to range from $58,000,000 to 62,000,000 of which roughly 2 thirds relates to capitalized software development costs resulting from the investments we are making in new protocols and trading platform enhancements.