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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Total revenues $ 1,010.8 $ 921.5
Cost of revenues:    
Total cost of revenues 645.3 563.2
Revenues less cost of revenues 365.5 358.3
Operating expenses:    
Compensation and benefits 72.3 53.3
Depreciation and amortization 42.0 40.5
Technology support services 17.2 11.9
Professional fees and outside services 15.6 14.9
Travel and promotional expenses 1.6 2.1
Facilities costs 5.3 4.1
Acquisition-related costs 3.4 0.8
Other expenses 3.5 4.3
Total operating expenses 160.9 131.9
Operating income 204.6 226.4
Non-operating (expenses) income:    
Interest expense, net (12.3) (7.3)
Other income (expense), net 0.6 (1.6)
Income before income tax provision 192.9 217.5
Income tax provision 55.7 60.1
Net income 137.2 157.4
Net income allocated to participating securities (0.4) (0.4)
Net income allocated to common stockholders $ 136.8 $ 157.0
Basic earnings per share (in dollars per share) $ 1.27 $ 1.42
Diluted earnings per share (in dollars per share) $ 1.27 $ 1.42
Basic weighted average shares outstanding (in shares) 107.3 110.4
Diluted weighted average shares outstanding (in shares) 107.4 110.6
Transaction and clearing fees    
Revenues:    
Total revenues $ 763.2 $ 661.5
Access and capacity fees    
Revenues:    
Total revenues 66.4 57.7
Market data fees    
Revenues:    
Total revenues 63.8 56.2
Regulatory fees    
Revenues:    
Total revenues 101.5 136.8
Other revenue    
Revenues:    
Total revenues 15.9 9.3
Liquidity payments    
Cost of revenues:    
Total cost of revenues 501.8 392.4
Routing and clearing    
Cost of revenues:    
Total cost of revenues 27.1 16.0
Section 31 fees    
Cost of revenues:    
Total cost of revenues 91.9 127.4
Royalty fees    
Cost of revenues:    
Total cost of revenues 20.3 $ 27.4
Other    
Cost of revenues:    
Total cost of revenues $ 4.2