XML 64 R49.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Financial Assets and Liabilities - Measured on a Recurring Basis (Details) $ in Thousands |  | 3 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Jul. 27, 2016 USD ($) | Mar. 31, 2017 USD ($) item | Dec. 31, 2016 USD ($) | Mar. 31, 2016 USD ($)
Fair value measurements measured on a recurring basis |  |  |  |
Transfers of financial assets between levels |  | $ 0 |  | $ 0
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,630,581 | $ 1,683,999 |
Financial instruments owned, pledged as collateral |  | 269,389 | 143,883 |
Other assets |  | 38,055 | 36,480 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | $ 1,673,802 | 1,349,155 |
SBI |  |  |  |
Equity method investment |  |  |  |
Ownership interest (as a percent) | 29.40% |  |  |
Payment for minority interest | $ 38,800 |  |  |
Discount rate applied to cash flow forecasts to determine initial fair value of equity method investment. |  | 15.90% |  |
Market approach average price/earnings multiples of comparable companies to corroborate the income approach | item |  | 19 |  |
Equity securities |  |  |  |
Assets |  |  |  |
Financial instruments owned, pledged as collateral |  | $ 264,486 | 128,202 |
Exchange traded notes |  |  |  |
Assets |  |  |  |
Financial instruments owned, pledged as collateral |  | 4,903 | 15,681 |
Significant Unobservable Inputs (Level 3) |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance |  | 36,031 |  |
Total Realized and Unrealized Gains / (Losses) |  | 1,557 |  |
Ending Balance |  | 37,588 | 36,031 |
Change in Net Unrealized Gains / (Losses) On Investments Held |  | 1,557 |  |
Significant Unobservable Inputs (Level 3) | Equity investment |  |  |  |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |  |  |  |
Beginning Balance |  | 36,031 |  |
Total Realized and Unrealized Gains / (Losses) |  | 1,557 |  |
Ending Balance |  | 37,588 | 36,031 |
Change in Net Unrealized Gains / (Losses) On Investments Held |  | 1,557 |  |
Fair value measurements measured on a recurring basis |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value, counterparty and cash collateral netting |  | (1,755,123) | (1,140,239) |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value, counterparty and cash collateral netting |  | (1,792,466) | (1,009,038) |
Fair value measurements measured on a recurring basis | Currency forwards |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value, counterparty and cash collateral netting |  | (1,755,123) | (1,140,239) |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value, counterparty and cash collateral netting |  | (1,792,466) |  |
Fair value measurements measured on a recurring basis | Options |  |  |  |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value, counterparty and cash collateral netting |  |  | (1,009,038) |
Fair value measurements measured on a recurring basis | Total Fair Value |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,630,581 | 1,683,999 |
Financial instruments owned, pledged as collateral |  | 269,389 | 143,883 |
Other assets |  | 38,055 | 36,480 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 1,673,802 | 1,349,155 |
Fair value measurements measured on a recurring basis | Total Fair Value | Interest rate swaps |  |  |  |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  |  | 80 |
Fair value measurements measured on a recurring basis | Total Fair Value | Currency forwards |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,056 | 7,022 |
Fair value measurements measured on a recurring basis | Total Fair Value | Options |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 266 | 141 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 228 |  |
Fair value measurements measured on a recurring basis | Total Fair Value | Equity securities |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,598,068 | 1,629,037 |
Financial instruments owned, pledged as collateral |  | 264,486 | 128,202 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 1,618,670 | 1,330,331 |
Fair value measurements measured on a recurring basis | Total Fair Value | US and non-US government obligations |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 9,007 | 10,765 |
Fair value measurements measured on a recurring basis | Total Fair Value | Exchange traded notes |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 22,184 | 37,034 |
Financial instruments owned, pledged as collateral |  | 4,903 | 15,681 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 54,904 |  |
Fair value measurements measured on a recurring basis | Total Fair Value | Exchange stock |  |  |  |
Assets |  |  |  |
Other assets |  | 467 | 449 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  |  | 18,744 |
Fair value measurements measured on a recurring basis | Total Fair Value | Equity investment |  |  |  |
Assets |  |  |  |
Other assets |  | 37,588 | 36,031 |
Fair value measurements measured on a recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 185,084 | 1,634,083 |
Financial instruments owned, pledged as collateral |  | 32,168 | 143,883 |
Other assets |  | 467 | 449 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 604,260 | 1,342,437 |
Fair value measurements measured on a recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Equity securities |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 184,003 | 1,597,049 |
Financial instruments owned, pledged as collateral |  | 32,168 | 128,202 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 604,260 | 1,323,693 |
Fair value measurements measured on a recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Exchange traded notes |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,081 | 37,034 |
Financial instruments owned, pledged as collateral |  |  | 15,681 |
Fair value measurements measured on a recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Exchange stock |  |  |  |
Assets |  |  |  |
Other assets |  | 467 | 449 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  |  | 18,744 |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 3,200,620 | 1,190,155 |
Financial instruments owned, pledged as collateral |  | 237,221 |  |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 2,862,008 | 1,015,756 |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Interest rate swaps |  |  |  |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  |  | 80 |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Currency forwards |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,756,179 | 1,147,261 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 1,792,466 |  |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Options |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 266 | 141 |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 228 | 1,009,038 |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Equity securities |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 1,414,065 | 31,988 |
Financial instruments owned, pledged as collateral |  | 232,318 |  |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 1,014,410 | 6,638 |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) | US and non-US government obligations |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 9,007 | 10,765 |
Fair value measurements measured on a recurring basis | Significant Other Observable Inputs (Level 2) | Exchange traded notes |  |  |  |
Assets |  |  |  |
Financial instruments owned, at fair value |  | 21,103 |  |
Financial instruments owned, pledged as collateral |  | 4,903 |  |
Liabilities |  |  |  |
Financial instruments sold, not yet purchased, at fair value |  | 54,904 |  |
Fair value measurements measured on a recurring basis | Significant Unobservable Inputs (Level 3) |  |  |  |
Assets |  |  |  |
Other assets |  | 37,588 | 36,031 |
Fair value measurements measured on a recurring basis | Significant Unobservable Inputs (Level 3) | Equity investment |  |  |  |
Assets |  |  |  |
Other assets |  | $ 37,588 | $ 36,031 |

X
- References No definition available. + Details
Name: | us-gaap_AssetsFairValueDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentFinancialStatementReportedAmountsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The fair value as of the balance sheet date of financial instruments and other positions owned by the entity including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities. Excludes financial instruments and other positions owned and pledged as collateral to counterparties. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969 + Details
Name: | us-gaap_FinancialInstrumentsOwnedAndNotPledgedAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The fair value as of the balance sheet date of financial instruments and other positions owned by the entity and pledged to counterparties as collateral, including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=64858031&loc=SL6224234-111729 + Details
Name: | us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of obligations incurred from short sales. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 35 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35711043&loc=d3e42429-110968 + Details
Name: | us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LiabilitiesFairValueDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of other assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3213-108585 + Details
Name: | us-gaap_PaymentsToAcquireEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Market approach average price/earnings multiples of comparable companies to .the income approach. + References No definition available. + Details
Name: | virt_AveragePriceToEarningsMultiplesOfComparableCompanies
Namespace Prefix: | virt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | instant

X
- Definition Discount rate applied to cash flow forecasts to determine initial fair value of equity method investment. + References No definition available. + Details
Name: | virt_DiscountedCashFlowMethodDiscountRate
Namespace Prefix: | virt_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of transfers of assets measured on a recurring basis in and out of the levels of fair value hierarchy. + References No definition available. + Details
Name: | virt_FairValueAssetsTransfersAmount
Namespace Prefix: | virt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The fair value as of the balance sheet date of financial instruments and other positions owned by the entity, counterparty and cash collateral netting. + References No definition available. + Details
Name: | virt_FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting
Namespace Prefix: | virt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fair value of obligations incurred from short sales, counterparty and cash collateral netting. + References No definition available. + Details
Name: | virt_FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting
Namespace Prefix: | virt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=virt_SBIJapannextMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis=virt_ExchangeTradedNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis=virt_FairValueOptionInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_OptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis=virt_USAndNonUSGovernmentObligationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAxis=virt_ExchangeStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |