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Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 816.8 $ 792.7 $ 2,628.4 $ 2,582.9
Cost of revenues:        
Total cost of revenues 447.3 500.7 1,542.8 1,635.7
Revenues less cost of revenues 369.5 292.0 1,085.6 947.2
Operating expenses:        
Compensation and benefits 74.0 59.2 214.0 167.4
Depreciation and amortization 42.8 39.5 125.4 118.0
Technology support services 16.7 15.1 50.1 39.5
Professional fees and outside services 24.0 15.8 62.0 43.0
Travel and promotional expenses 2.3 1.2 5.8 4.2
Facilities costs 5.8 4.5 16.5 12.7
Acquisition-related costs 6.7 6.2 11.9 16.4
Other expenses 6.5 11.2 14.6 18.6
Total operating expenses 178.8 152.7 500.3 419.8
Operating income 190.7 139.3 585.3 527.4
Non-operating (expenses) income:        
Interest expense, net (11.7) (9.5) (36.3) (24.1)
Other (expense) income, net (5.2) 33.6 (3.1) 34.2
Income before income tax provision 173.8 163.4 545.9 537.5
Income tax provision 53.4 53.5 182.8 156.6
Net income 120.4 109.9 363.1 380.9
Net income allocated to participating securities (0.4) (0.3) (1.1) (1.0)
Net income allocated to common stockholders $ 120.0 $ 109.6 $ 362.0 $ 379.9
Basic earnings per share (in dollars per share) $ 1.12 $ 1.01 $ 3.38 $ 3.47
Diluted earnings per share (in dollars per share) $ 1.12 $ 1.01 $ 3.38 $ 3.46
Basic weighted average shares outstanding (in shares) 106.8 108.7 107.0 109.5
Diluted weighted average shares outstanding (in shares) 107.0 108.8 107.2 109.8
Transaction and clearing fees        
Revenues:        
Total revenues $ 632.9 $ 545.5 $ 2,014.3 $ 1,825.3
Access and capacity fees        
Revenues:        
Total revenues 72.8 60.6 206.3 174.0
Market data fees        
Revenues:        
Total revenues 62.0 59.5 188.6 174.4
Regulatory fees        
Revenues:        
Total revenues 34.6 113.8 173.0 379.3
Other revenue        
Revenues:        
Total revenues 14.5 13.3 46.2 29.9
Liquidity payments        
Cost of revenues:        
Total cost of revenues 375.3 359.4 1,255.0 1,167.4
Routing and clearing        
Cost of revenues:        
Total cost of revenues 19.0 14.9 66.0 48.6
Section 31 fees        
Cost of revenues:        
Total cost of revenues 27.9 105.4 148.6 351.8
Royalty fees        
Cost of revenues:        
Total cost of revenues 22.0 17.6 62.6 64.4
Other        
Cost of revenues:        
Total cost of revenues $ 3.1 $ 3.4 $ 10.6 $ 3.5