Kyle Voigt

you noted you expected continued strong growth for AAA, but also highlighted institutional fundraising there and that institutions are now reevaluating the idea of equity replacement

Can you just talk a bit about the investment you've been making in distribution to drive that?

wondering if you could update us on the trajectory of fee-paying AUM growth at GCP in 2025?

how that's gonna progress in terms of that gross to net deployment ratio into the first half of the year

Just wondering if we get an update on how you feel about the state of your pro forma business mix

I really just wanted to get your updated thoughts on how close the 401(k) opportunity could be and with this partnership announced

can you remind us where you're at in terms of distribution of the product, whether that's number of platforms or international breadth and what the runway looks like to expand that

just wondering what you think you could do differently in that market versus the way Cboe has looked at and addressed that market over the past several years?

what are your thoughts on that strategy of diversifying away from trading oriented businesses as an exchange operator

The buyback activity was relatively light in the quarter. Just curious how much of that was related to wanting to or needing to wait until the CEO announced was finalized

remind us how you expect that component [indiscernible] trend into 2026 as we're thinking about the building blocks for 2026 expense growth?

if we could get an update on FX Spot+ and how the client uptake has been since it launched in early second quarter

I was just wondering if you could talk about what you're seeing and hearing from market participants in terms of health, why you think we haven't seen any broad-based deleveraging

the 2% to 2.5% pre-tax impact that you mentioned, that is an aggregate figure inclusive of the transaction fees, correct?

can you just expand a bit on when you start to see those or a material pickup from that user base? What specific products you mostly seeing those users trade?

do you still think there are opportunities for bolt-ons to add on new product capability

whether you'd be satisfied with guidance from the SEC or do you need to see a more comprehensive crypto market infrastructure bill

a recent reacceleration in zero DTE trading percentages in the broader options market

client credit balances. Which grew, I think, over 6% in the month of June, which is the highest since March

your risk exposure fees fell sequentially in one Q for the first time in over two years

Can you just speak a bit more about your policy? Should investors expect an annual increase in the dividend going forward

whether you would consider any stock sales to help increase the public float

core fixed expense growth should accelerate or decelerate versus that low double-digit level as we look out into 2025

it seems like most of the acceleration has been in Data and Network Technology. Just wondering if you could unpack the drivers of that acceleration

most of your inorganic capital deployment over the past 5 years has been into the mortgage tech segment. I guess, what you've built there and the assets that are remaining

There have been some recent press headlines around the EU contemplating restarting Russia gas imports if there's a resolution to the war

Is that 18% year-on-year growth rate the right jumping off point for the second half of the year

should investors move away from thinking about insurance earnings being at the 14% to 15% pre-tax ROE range over the long run

if your infrastructure you users migrate to this newer offering over time, what that would functionally mean the composition of your marketplace technology revenues

how you would describe the current environment -- competitive environment even after that easing versus where we've been over the past year or 2

do you think this is an industry-wide dynamic or you'd expect to see overall industry-wide churn levels increase over the next 12 months

It was down quarter-on-quarter and year-on-year, looked a bit off trend. Just wondering if there's anything to call out

if markets stay near current levels down quarter-to-date meaningfully, that would lead to noncomps coming in lower than the $2.1 billion guide

I wanted to focus on the advisor compensation as a percentage of compensable revenues. Last two quarters have been right around 74%

wondering what you think would need to happen to kind of accelerate back to that high-single-digit M&A growth rate

Is there any desire to change your stance on that and begin holding that steady or growing those balances in fiscal 2025

Just curious if you can give us an update on the M&A environment. Are you seeing more or less opportunities today compared to earlier in 2024

Just wondering if you could comment on what inning you think you are in, in terms of penetrating your existing client base there

if you could outline the recent steps you've taken on the hedging program to manage that short-end rate exposure

how many investment products are being offered on the platform today. How you expect that to grow over time

could you just outline any remaining concerns with potentially executing this in 2025