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Related Party Transactions
 6 Months Ended
Jun. 30, 2024
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 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,
20242023
(dollars in thousands)
Accounts receivable$751 $688 
Receivable and due from affiliates2,980 192 
Other assets43 17 
Accounts payable, accrued expenses and other liabilities
1,597 1,044 
Deferred revenue6,434 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 EndedSix Months Ended
June 30, June 30,
2024202320242023
(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 fees155 136 360 250 
Expenses: (2)
Employee compensation and benefits— 17 — 17 
Technology and communications1,556 1,487 3,128 2,651 
General and administrative2 (46)5 — 
Professional fees39 — 65 1 
Occupancy26 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.