Simon Clinch

“Thanks for taking my question, and apologies if this has already been answered, I kept getting some drop-offs on the call, unfortunately. Craig, I just wanted to jump back to the KPI contracts and some of the things you were talking about in terms of the competitive environment and your relationships with partners.”

“And this maybe ties in with some of the comments made about capital allocation and also the sort of feedback loop between solutions and the market services business.”

“I was wondering if we could just jump to the market data business. Obviously, it's been a couple of quarters now of 20% growth, if not more.”

“I was wondering, Will, if you could talk, you mentioned that, of course, you're not seeing any volume loss. I'm just wondering, given you are pretty much all of the market, how easy is it for you to actually monitor any sort of evidence of volume loss in that regard?”

“And I was wondering if you could expand on the success of your new initiatives in European and international markets and just how to think about, I guess, the application of those in U.S. markets and what the differences are.”