Thanks. The capital budget also includes our ongoing investment in technology and software to refresh, enhance, and add capacity to our systems, including potential Brexit-related spending. And the next question comes from Chris Harris with Wells Fargo. And for us, there is unsatisfied demand for liquidity providers in Europe to have transparency into the marketplace. On the bonuses and what that reflects, essentially, sometimes that compensation is a little -- it basically has to have a full year perspective on it because essentially what firms are required to do is forecast where they expect to make -- kind of where they expect to make earnings for the entire year and book an accrual based on kind of, we'll call it, 1/4 of the way through it and have expectations along the way. We look at this as a blend in total revenue opportunity. And kind of how should we think about the market opportunity and where can this take share on EDGX? The next question comes from Chris Harris with Wells Fargo. It's not exact, it's not perfect, the way the fee schedules work. But the multi-listed options volume has been -- I thought you said third month or something like that, and we have it as being -- the industry being at record levels. And, the next question comes from Patrick O'Shaughnessy with Raymond James. We think that's been orderly. And it's not an exact science, but the goal would be to, while it won't be a 100% is that the same folks who would have paid that -- call it that access fee would be seeing a slightly higher transaction fee on their trade is the way we tried to structure that. Yes. Yes. Thanks for taking our question. I had a question on closing auction. Brian Norman Schell, Cboe Global Markets, Inc. - Executive VP, CFO & Treasurer [31]. And the next question comes from Chris Harris with Wells Fargo. But I don't want to leave without Chris' answer as to how we've done in our readiness, pending regulatory approval of our solution for virtual trading floor. Edward T. Tilly, Cboe Global Markets, Inc. - Chairman, President & CEO [11]. And I guess, just maybe higher level, I know you told us about your strategic rationale. We've seen the mix between electronic and floor trading has stayed largely the same. The need for more precision and positioning for potentially significant market events has been a consistent theme from our customers. Hi. The frustration is in the logistics of that pipeline and matching these buyers and sellers. Good morning and thank you for joining us for our fourth-quarter earnings conference call. And the next question is a follow-up from Alex Kramm with UBS. And just in terms of the longer-term derivatives plan in Europe, we're as excited as ever, some things may face delay here and there, but we're finding banks who are really engaging with us, they're ready to participate and we're also I think in a position to apply some of the lessons we're learning in our markets here in the US in terms of liquidity provision and new ways to electronically source liquidity supply that will really bear fruit in Europe. Just a quick one on the Market Close initiative. Well, largely, the end user base for hedging or gaining exposure to this type of asset class is through swaps, and the futures product is an entirely new world for them, so, part of the education for them beyond just what the instrument is is how do you use futures? Hi, Ed. And as a result, the lower required need to rebalance at the end of each and every night and VIX futures. SPX volumes are down a little over 30%, while the VIX options are down 60% and futures are then 65% is -- maybe this is too simplistic, but from my understanding, the SPX is more heavily -- or has a higher floor participation where VIX has -- traditionally, has a higher electronic usage and of course, futures does as well. The shorts are out of the market. In SPY, for example, 20% of the trades in SPY are opened the day the contract expires, 40% of the volumes within two days of expiry.