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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Trading gains $ 38 $ 87 $ 124 $ 216
Commissions and execution fees 144 167 462 473
Interest income 157 122 446 356
Other income (loss) 27 (1) 228 (78)
Total revenues 366 375 1,260 967
Interest expense 21 16 57 49
Total net revenues 345 359 1,203 918
Non-interest expenses:        
Execution and clearing 62 63 183 177
Employee compensation and benefits 58 56 174 171
Occupancy, depreciation and amortization 13 12 38 33
Communications 7 6 23 19
General and administrative 19 13 46 42
Customer bad debt 3 7 6 145
Total non-interest expenses 162 157 470 587
Income before income taxes 183 202 733 331
Income tax expense 15 20 55 37
Net income 168 182 678 294
Less net income attributable to noncontrolling interests 148 160 598 262
Net income available for common stockholders $ 20 $ 22 $ 80 $ 32
Earnings per share:        
Basic $ 0.30 $ 0.35 $ 1.22 $ 0.53
Diluted $ 0.30 $ 0.35 $ 1.20 $ 0.52
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 67,083,654 62,458,655 65,351,842 60,152,525
Weighted Average Number of Shares Outstanding, Diluted 68,470,224 64,028,731 66,738,754 61,646,928
Comprehensive income:        
Net income available for common stockholders $ 20 $ 22 $ 80 $ 32
Other comprehensive income:        
Cumulative translation adjustment, before income taxes   (8) 3 (5)
Other comprehensive income (loss), net of tax   (8) 3 (5)
Comprehensive income available for common stockholders 20 14 83 27
Comprehensive income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests 148 160 598 262
Other comprehensive income (loss) - cumulative translation adjustment 2 (44) 19 (29)
Comprehensive income attributable to noncontrolling interests $ 150 $ 116 $ 617 $ 233