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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 359,613,000 $ 273,108,000 $ 218,390,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 178,879,000 171,308,000 153,789,000
Stock-based compensation expense 66,644,000 51,943,000 39,286,000
Deferred taxes 52,863,000 85,409,000 65,189,000
Tax receivable agreement liability adjustment [1] (13,653,000) (12,745,000) (11,425,000)
(Income) loss from investments 1,000,000 0 0
(Increase) decrease in operating assets:      
Receivable from/payable to brokers and dealers and clearing organizations, net (368,000) 116,000 73,000
Deposits with clearing organizations (3,597,000) 9,273,000 (1,914,000)
Accounts receivable (17,228,000) (22,369,000) (11,620,000)
Receivable from/payable to affiliates, net 3,135,000 (4,590,000) 6,136,000
Other assets (2,120,000) 6,016,000 (35,109,000)
Increase (decrease) in operating liabilities:      
Accrued compensation (552,000) 24,789,000 9,187,000
Deferred revenue (1,989,000) 1,143,000 (807,000)
Accounts payable, accrued expenses and other liabilities 10,195,000 (3,480,000) 11,194,000
Employee equity compensation payable 0 (1,900,000) 865,000
Net cash provided by operating activities 632,822,000 578,021,000 443,234,000
Cash flows from investing activities      
Cash paid for acquisitions, net of cash acquired 0 (207,762,000) 0
Purchases of furniture, equipment, software and leasehold improvements (23,214,000) (16,878,000) (11,490,000)
Capitalized software development costs (36,882,000) (34,470,000) (31,046,000)
Purchase of equity investments 0 0 (20,000,000)
Net cash used in investing activities (60,096,000) (259,110,000) (62,536,000)
Cash flows from financing activities      
Share repurchases pursuant to share repurchase programs (99,323,000) (75,676,000) 0
Proceeds from stock-based compensation exercises 10,190,000 93,104,000 100,830,000
Proceeds from issuance of Class A common stock in follow-on offering, net of underwriting discounts 0 0 626,267,000
Purchase of LLC Interests 0 0 (626,267,000)
Offering costs from issuance of Class A common stock in follow-on offering 0 0 (2,508,000)
Dividends (66,006,000) (64,570,000) (58,088,000)
Distributions to non-controlling interests (10,894,000) (11,129,000) (16,752,000)
Payroll taxes paid for stock-based compensation (101,675,000) (71,024,000) (76,175,000)
Payments on tax receivable agreement liability (8,995,000) (6,805,000) 0
Net cash used in financing activities (276,703,000) (136,100,000) (52,693,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10,842,000) (2,043,000) 2,564,000
Net increase (decrease) in cash, cash equivalents and restricted cash 285,181,000 180,768,000 330,569,000
Cash, cash equivalents and restricted cash      
Beginning of period 973,048,000 792,280,000 461,711,000
End of period 1,258,229,000 973,048,000 792,280,000
Supplemental disclosure of cash flow information:      
Income taxes paid, net of refunds 13,198,000 3,880,000 19,105,000
Non-cash investing and financing activities:      
Furniture, equipment, software and leasehold improvement additions included in accounts payable 3,632,000 0 0
Lease right-of-use assets obtained in exchange for lease liabilities, net of modifications and terminations 9,122,000 (575,000) 9,539,000
Stock-based compensation expense capitalized to software development costs 928,000 0 0
Other - See Note 14 3,100,000 1,573,000 0
Reconciliation of cash, cash equivalents and restricted cash as shown on the statements of financial condition:      
Cash and cash equivalents 1,257,229,000 972,048,000 791,280,000
Restricted cash 1,000,000 1,000,000 1,000,000
Cash, cash equivalents and restricted cash shown in the statement of cash flows 1,258,229,000 973,048,000 792,280,000
Adjusted For Refinitiv Transaction      
Non-cash investing and financing activities:      
Establishment of liabilities under Tax Receivable Agreement 35,923,000 27,666,000 174,940,000
Deferred tax asset $ 124,154,000 $ 123,336,000 $ 393,274,000
[1] See Note 10 – Tax Receivable Agreement.