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Related Party Transactions | 12 Months Ended
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Dec. 31, 2022
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions The Company enters into transactions with its affiliates from time to time which are considered to be related party transactions. As of December 31, 2022 and 2021, the following balances with such affiliates were included in the consolidated statements of financial condition in the following line items:
|  | December 31,
|  | 2022 |  | 2021
|  | (in thousands)
Accounts receivable |  | $ | 70 |  |  | $ | 277 |
Receivable from affiliates |  | 6 |  |  | 3,313 |
Other assets |  | 2,983 |  |  | 3,530 |
Accounts payable, accrued expenses and other liabilities |  | 6,153 |  |  | 7,767 |
Deferred revenue |  | 5,076 |  |  | 4,767 |
Payable to affiliates |  | 1,414 |  |  | 4,860 |
The following balances with such affiliates were included in the consolidated statements of income in the following line items:
|  | Year Ended
|  | December 31,
|  | 2022 |  | 2021 |  | 2020
|  | (in thousands)
Revenue: |  |  |  |  |  |
Subscription fees |  | $ | 1,308 |  |  | $ | 923 |  |  | $ | — |
Refinitiv market data fees (1) |  | 62,721 |  |  | 61,161 |  |  | 59,706 |
Other fees |  | 464 |  |  | 522 |  |  | — |
Expenses: (2) |  |  |  |  |  |
Employee compensation and benefits |  | 613 |  |  | 856 |  |  | — |
Technology and communications |  | 4,713 |  |  | 3,951 |  |  | 2,960 |
General and administrative |  | 291 |  |  | 194 |  |  | (591) |
Professional fees |  | 46 |  |  | 39 |  |  | — |
Occupancy |  | — |  |  | — |  |  | 15 |
(1)The Company maintains a market data license agreement with Refinitiv. Under the agreement, the Company delivers to Refinitiv certain market data feeds which Refinitiv redistributes to its customers. The Company earns license fees and royalties for these feeds. (2)The Company maintains agreements with Refinitiv to provide the Company with certain real estate, payroll, benefits administration and other administrative services. During the years ended December 31, 2022 and 2021, $3.1 million and $1.6 million of previously accrued expenses payable to affiliates of Refinitiv were waived and the liabilities were reversed through an increase to additional paid-in capital. The Company engaged Blackstone Advisory Partners L.P., an affiliate of Blackstone, to provide certain financial consulting services in connection with the April 2020 follow-on offering for fees of $0.5 million, included as a component of the additional paid-in capital balance on the consolidated statements of financial condition and which fees were reimbursed by the underwriters.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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