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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Total revenues $ 800.8 $ 868.7 $ 1,811.6 $ 1,790.2
Cost of revenues:        
Total cost of revenues 450.2 571.8 1,095.5 1,135.0
Revenues less cost of revenues 350.6 296.9 716.1 655.2
Operating expenses:        
Compensation and benefits 67.7 54.9 140.0 108.2
Depreciation and amortization 40.6 38.0 82.6 78.5
Technology support services 16.2 12.5 33.4 24.4
Professional fees and outside services 22.4 12.3 38.0 27.2
Travel and promotional expenses 1.9 0.9 3.5 3.0
Facilities costs 5.4 4.1 10.7 8.2
Acquisition-related costs 1.8 9.4 5.2 10.2
Other expenses 4.6 3.1 8.1 7.4
Total operating expenses 160.6 135.2 321.5 267.1
Operating income 190.0 161.7 394.6 388.1
Non-operating (expenses) income:        
Interest expense, net (12.3) (7.3) (24.6) (14.6)
Other income, net 1.5 2.2 2.1 0.6
Income before income tax provision 179.2 156.6 372.1 374.1
Income tax provision 73.7 43.0 129.4 103.1
Net income 105.5 113.6 242.7 271.0
Net income allocated to participating securities (0.3) (0.3) (0.7) (0.7)
Net income allocated to common stockholders $ 105.2 $ 113.3 $ 242.0 $ 270.3
Basic earnings per share (in dollars per share) $ 0.99 $ 1.04 $ 2.26 $ 2.46
Diluted earnings per share (in dollars per share) $ 0.98 $ 1.03 $ 2.26 $ 2.45
Basic weighted average shares outstanding (in shares) 106.8 109.5 107.1 109.9
Diluted weighted average shares outstanding (in shares) 106.9 109.6 107.3 110.1
Transaction and clearing fees        
Revenues:        
Total revenues $ 618.2 $ 618.3 $ 1,381.4 $ 1,279.8
Access and capacity fees        
Revenues:        
Total revenues 67.1 55.7 133.5 113.4
Market data fees        
Revenues:        
Total revenues 62.8 58.7 126.6 114.9
Regulatory fees        
Revenues:        
Total revenues 36.9 128.7 138.4 265.5
Other revenue        
Revenues:        
Total revenues 15.8 7.3 31.7 16.6
Liquidity payments        
Cost of revenues:        
Total cost of revenues 377.9 415.6 879.7 808.0
Routing and clearing        
Cost of revenues:        
Total cost of revenues 19.9 17.7 47.0 33.7
Section 31 fees        
Cost of revenues:        
Total cost of revenues 28.8 119.0 120.7 246.4
Royalty fees        
Cost of revenues:        
Total cost of revenues 20.3 19.4 40.6 46.8
Other        
Cost of revenues:        
Total cost of revenues $ 3.3 $ 0.1 $ 7.5 $ 0.1