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Related Party Transactions (Tables) | 6 Months Ended
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Jun. 30, 2024
Related Party Transactions [Abstract] |
Schedule of Balances From Transactions with Affiliates Included in the Consolidated Statements | As of June 30, 2024 and December 31, 2023, the following balances with such affiliates were included in the condensed consolidated statements of financial condition in the following line items:
|  | June 30, |  | December 31,
|  | 2024 |  | 2023
|  | (dollars in thousands)
Accounts receivable |  | $ | 751 |  |  | $ | 688 |
Receivable and due from affiliates |  | 2,980 |  |  | 192 |
Other assets |  | 43 |  |  | 17 |
Accounts payable, accrued expenses and other liabilities |  | 1,597 |  |  | 1,044 |
Deferred revenue |  | 6,434 |  |  | 6,508 |
Payable and due to affiliates |  | — |  |  | 1,327 |
The following balances with such affiliates were included in the condensed consolidated statements of income in the following line items:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (dollars in thousands)
Revenue: |  |  |  |  |  |  |  |
Subscription fees |  | $ | 271 |  |  | $ | 638 |  |  | $ | 575 |  |  | $ | 1,471 |
LSEG market data fees (1) |  | 20,581 |  |  | 15,461 |  |  | 41,081 |  |  | 31,055 |
Other fees |  | 155 |  |  | 136 |  |  | 360 |  |  | 250 |
Expenses: (2) |  |  |  |  |  |  |  |
Employee compensation and benefits |  | — |  |  | 17 |  |  | — |  |  | 17 |
Technology and communications |  | 1,556 |  |  | 1,487 |  |  | 3,128 |  |  | 2,651 |
General and administrative |  | 2 |  |  | (46) |  |  | 5 |  |  | — |
Professional fees |  | 39 |  |  | — |  |  | 65 |  |  | 1 |
Occupancy |  | 26 |  |  | 20 |  |  | 39 |  |  | 20 |
(1)The Company maintains a market data license agreement with an affiliate of LSEG (Refinitiv, which was rebranded as LSEG Data & Analytics during the fourth quarter of 2023). Under the agreement, the Company delivers to LSEG certain market data feeds which LSEG distributes to its customers. The Company earns license fees and royalties for these feeds. (2)The Company maintains agreements with LSEG to provide the Company with certain market data, office space, finance, human resources and other administrative services.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, 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 No definition available. + Details
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