v3.4.0.3
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Trading gains $ 52 $ 62
Commissions and execution fees 166 149
Interest income 145 108
Other income (loss) 144 (132)
Total revenues 507 187
Interest expense 18 15
Total net revenues 489 172
Non-interest expenses:    
Execution and clearing 62 55
Employee compensation and benefits 58 57
Occupancy, depreciation and amortization 12 10
Communications 7 6
General and administrative 13 16
Customer bad debt   139
Total non-interest expenses 152 283
Income before income taxes 337 (111)
Income tax expense 27 (2)
Net income (loss) 310 (109)
Less net income (loss) attributable to noncontrolling interests 277 (96)
Net income (loss) available for common stockholders $ 33 $ (13)
Earnings per share:    
Basic $ 0.52 $ (0.22)
Diluted $ 0.51 $ (0.22)
Weighted average common shares outstanding:    
Weighted Average Number of Shares Outstanding, Basic 63,985,477 58,473,348
Weighted Average Number of Shares Outstanding, Diluted 65,255,903 58,473,348
Comprehensive income:    
Net income (loss) available for common stockholders $ 33 $ (13)
Other comprehensive income:    
Cumulative translation adjustment, before income taxes 6 (1)
Other comprehensive income (loss), net of tax 6 (1)
Comprehensive income (loss) available for common stockholders 39 (14)
Comprehensive income attributable to noncontrolling interests:    
Net income (loss) attributable to noncontrolling interests 277 (96)
Other comprehensive income (loss) - cumulative translation adjustment 33 (9)
Comprehensive income (loss) attributable to noncontrolling interests $ 310 $ (105)