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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Trading gains $ 163 $ 269 $ 261
Commissions and execution fees 612 617 549
Interest income 606 492 416
Other income (loss) 94 (122) (111)
Total revenues 1,475 1,256 1,115
Interest expense 79 67 72
Total net revenues 1,396 1,189 1,043
Non-interest expenses:      
Execution and clearing 244 231 212
Employee compensation and benefits 242 227 205
Occupancy, depreciation and amortization 51 44 39
Communications 30 25 24
General and administrative 62 58 54
Customer bad debt 6 146 3
Total non-interest expenses 635 731 537
Income before income taxes 761 458 506
Income tax expense 62 43 47
Net income 699 415 459
Less net income attributable to noncontrolling interests 615 366 414
Net income available for common stockholders $ 84 $ 49 $ 45
Earnings per share:      
Basic $ 1.28 $ 0.80 $ 0.79
Diluted $ 1.25 $ 0.78 $ 0.77
Weighted average common shares outstanding:      
Weighted Average Number of Shares Outstanding, Basic 66,013,247 61,043,071 56,492,381
Weighted Average Number of Shares Outstanding, Diluted 67,299,413 62,509,796 57,709,668
Comprehensive income:      
Net income available for common stockholders $ 84 $ 49 $ 45
Other comprehensive income:      
Cumulative translation adjustment, before income taxes (4) (10) (15)
Other comprehensive loss, net of tax (4) (10) (15)
Comprehensive income available for common stockholders 80 39 30
Comprehensive income attributable to noncontrolling interests:      
Net income attributable to noncontrolling interests 615 366 414
Other comprehensive loss - cumulative translation adjustment (21) (53) (92)
Comprehensive income attributable to noncontrolling interests $ 594 $ 313 $ 322