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Related Party Transactions
 12 Months Ended
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,
20222021
(in thousands)
Accounts receivable$70 $277 
Receivable from affiliates6 3,313 
Other assets2,983 3,530 
Accounts payable, accrued expenses and other liabilities
6,153 7,767 
Deferred revenue5,076 4,767 
Payable to affiliates1,414 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,
202220212020
(in thousands)
Revenue:
Subscription fees
$1,308 $923 $— 
Refinitiv market data fees (1)
62,721 61,161 59,706 
Other fees464 522 — 
Expenses: (2)
Employee compensation and benefits613 856 — 
Technology and communications4,713 3,951 2,960 
General and administrative291 194 (591)
Professional fees46 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.