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Other Income
 12 Months Ended
Dec. 31, 2019
Other Income [Abstract]  
Other Income 9. Other Income

The table below presents the components of other income for the periods indicated.

Year-Ended December 31,

2019

2018

2017

(in millions)

Market data fees1

$

45

$

46

$

39

Risk exposure fees1

16

26

24

Payments for order flow1

21

21

15

Minimum activity fees1

27

23

20

Other brokerage related fees

27

25

13

Gains on financial instruments, at fair value and other investments, net

40

24

1

Gains (losses) from currency diversification strategy, net

(60)

(19)

110

Other, net

5

12

110

$

121

$

158

$

332

___________________________

(1)See Note 8 for description of these revenues.

Other brokerage related fees include FDIC sweep fees, order routing fees, IPO concession fees and other miscellaneous fees charged to customers. Gains on financial instruments, at fair value and other investments, net include (1) realized and unrealized gains and losses on financial instruments that (a) are held for purposes other than the Company’s market making activities, (b) are subject to restrictions, or (c) are accounted for under the equity method and (2) dividends on investments accounted at cost less impairment. For the year ended December 31, 2017, other, net includes a gain on the sale of the Company’s U.S. options market making operations to Two Sigma Securities, LLC of $11 million, reflecting the recovery of exit costs, and a $93 million gain from the remeasurement of the Tax Receivable Agreement liability as a result of the Tax Act (see Note 4 and Note 11).