This becomes even more important in times of geopolitical tensions: by enabling market participants to hedge prices and volumes, and to secure them through our clearing house, ECC, in the event of a counterparty default. The numbers speak for themselves: In the first quarter of 2026, European gas spot volumes increased by 9% compared to the first quarter of last year, European gas derivatives volumes grew by 62%. A big thank you to all 230 Paris-based engineers and the entire global EEX Group team for their daily hard work, commitment, and great team spirit!