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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 3,494.8 $ 3,427.1 $ 2,496.1
Cost of revenues:      
Total cost of revenues 2,018.7 2,172.8 1,359.2
Revenues less cost of revenues 1,476.1 1,254.3 1,136.9
Operating expenses:      
Compensation and benefits 288.5 224.9 199.0
Depreciation and amortization 167.4 158.5 176.6
Technology support services 66.7 54.5 46.2
Professional fees and outside services 83.7 60.6 68.3
Travel and promotional expenses 9.7 6.6 11.9
Facilities costs 22.2 17.6 11.0
Acquisition-related costs 15.6 45.2 48.5
Other expenses 16.4 24.2 38.2
Total operating expenses 670.2 592.1 599.7
Operating income 805.9 662.2 537.2
Non-operating (expenses) income:      
Interest expense, net (47.4) (37.6) (35.9)
Other (expense) income, net (2.4) 35.8 0.1
Income before income tax provision 756.1 660.4 501.4
Income tax provision 227.1 192.2 130.6
Net income 529.0 468.2 370.8
Net loss attributable redeemable noncontrolling interest     4.1
Net income excluding redeemable noncontrolling interest 529.0 468.2 374.9
Change in redemption value of redeemable noncontrolling interest     (0.5)
Net income allocated to participating securities (1.7) (1.2) (1.7)
Net income allocated to common stockholders $ 527.3 $ 467.0 $ 372.7
Basic earnings per share (in dollars per share) $ 4.93 $ 4.28 $ 3.35
Diluted earnings per share (in dollars per share) $ 4.92 $ 4.27 $ 3.34
Basic weighted average shares outstanding (in shares) 107.0 109.1 111.4
Diluted weighted average shares outstanding (in shares) 107.2 109.3 111.8
Transaction and clearing fees      
Revenues:      
Total revenues $ 2,693.1 $ 2,418.0 $ 1,716.2
Access and capacity fees      
Revenues:      
Total revenues 280.7 236.7 221.9
Market data fees      
Revenues:      
Total revenues 252.1 232.0 213.5
Regulatory fees      
Revenues:      
Total revenues 208.3 500.2 311.7
Other revenue      
Revenues:      
Total revenues 60.6 40.2 32.8
Liquidity payments      
Cost of revenues:      
Total cost of revenues 1,650.7 1,554.1 964.7
Routing and clearing      
Cost of revenues:      
Total cost of revenues 87.8 70.4 35.8
Section 31 fees      
Cost of revenues:      
Total cost of revenues 179.6 465.0 271.4
Royalty fees      
Cost of revenues:      
Total cost of revenues 86.3 83.4 86.8
Other      
Cost of revenues:      
Total cost of revenues $ 14.3   $ 0.5
Total cost of revenues   $ (0.1)