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Tax Receivable Agreements (Details) - USD ($) $ in Thousands |  | 3 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Apr. 15, 2015 | Mar. 31, 2017 | Dec. 31, 2015 | Feb. 28, 2017 | Dec. 31, 2016
Tax Receivable Agreements |  |  |  |  |
Payment on applicable cash tax savings (as a percent) | 85.00% |  |  |  |
First payment due after filing of company's tax return |  |  | 120 days |  |
First payment made |  | $ 7,000 |  |  |
Deferred tax assets related to exchange of units | $ 215,900 |  |  |  |
Payments to certain Virtu Members | 236,400 |  |  |  |
Minimum tax receivable agreement obligation over the agreed period | 300 |  |  |  |
Maximum tax receivable agreement obligation over the agreed period | $ 21,200 |  |  |  |
Period over which the obligations are to be settled | 15 years |  |  |  |
Reduction of paid-in capital for the difference between TRA liability and related deferred tax asset. | $ 20,500 |  |  |  |
Deferred tax asset recorded in connection with a stock offering |  |  |  | $ 5,800 |
Amount of payment liability pursuant to tax receivable agreements |  |  |  | 5,000 |
Increase in additional paid-in capital related to tax receivable agreements |  |  |  | $ 800 |
Deferred tax assets |  | 189,600 |  |  | $ 185,600
Tax receivable agreement obligations |  | $ 229,381 |  |  | $ 231,404

X
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- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b),(c) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
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- Definition Deferred tax asset recorded in connection with a stock offering. + References No definition available. + Details
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- Definition Represents the amount before allocation of valuation allowances of deferred tax asset attributable to exchange of units for shares in the reorganization process. + References No definition available. + Details
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X
- Definition Represents the timing of the first payment due after filing of the company's tax return. + References No definition available. + Details
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- Definition Company made its first payment under the tax receivable agreement. + References No definition available. + Details
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- Definition Amount of increase (decrease) in additional paid-in capital related to tax receivable agreements + References No definition available. + Details
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- Definition Amount of payment liability pursuant to tax receivable agreements + References No definition available. + Details
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- Definition Payments made related to tax receivable agreements + References No definition available. + Details
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- Definition Represents the carrying amount on the reporting date of the obligations relating to the tax receivable agreement. + References No definition available. + Details
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- Definition Represents the maximum range of yearly payment on the carrying amount on the reporting date of the obligations relating to the tax receivable agreement to be paid over the agreed period. + References No definition available. + Details
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- Definition Represents the minimum range of yearly payment on the carrying amount on the reporting date of the obligations relating to the tax receivable agreement to be paid over the agreed period. + References No definition available. + Details
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- Definition Represents the term of settlement of obligations under the tax receivable agreement. + References No definition available. + Details
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- Definition Represents the percentage of applicable cash tax savings, which the entity will pay to the counterparty under the terms of the agreement. + References No definition available. + Details
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