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Revenue (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Schedule of Breakdown of Revenues Between Fixed and Variable Revenues

The breakdown of revenues between fixed and variable revenues for the three and six months ended June 30, 2022 and 2021 is as follows:

						Three Months Ended												Three Months Ended
						June 30, 2022												June 30, 2021
						(in thousands)												(in thousands)
						Variable						Fixed						Variable						Fixed
Revenues
Transaction fees and commissions						$	201,199					$	36,470					$	166,655					$	38,726
Subscription fees						485						41,055						460						37,423
Refinitiv market data fees						—						15,426						—						14,926
Other						214						2,289						217						2,433
Total revenue						$	201,898					$	95,240					$	167,332					$	93,508

						Six Months Ended												Six Months Ended
						June 30, 2022												June 30, 2021
						(in thousands)												(in thousands)
						Variable						Fixed						Variable						Fixed
Revenues
Transaction fees and commissions						$	414,935					$	74,539					$	346,322					$	76,875
Subscription fees						960						82,035						922						74,829
Refinitiv market data fees						—						30,984						—						30,043
Other						465						4,706						430						4,818
Total revenue						$	416,360					$	192,264					$	347,674					$	186,565

Schedule of Recognized Revenue and Remaining Deferred Revenue Balance

The revenue recognized and the remaining deferred revenue balances are shown below:

						Amount
						(in thousands)
Deferred revenue balance - December 31, 2021						$	24,930
New billings						57,195
Revenue recognized						(58,153)
Effect of foreign currency exchange rate changes						(110)
Deferred revenue balance - June 30, 2022						$	23,862

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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X

- References

No definition available.

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