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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Trading income, net $ 406,162 $ 139,574
Interest and dividends income 17,949 4,874
Commissions, net and technology services 53,844 2,779
Other, net 337,098 60
Total revenue 815,053 147,287
Operating Expenses:    
Brokerage, exchange and clearance fees, net 87,824 52,770
Communication and data processing 49,486 18,207
Employee compensation and payroll taxes 64,670 21,347
Payments for order flow 16,256 0
Interest and dividends expense 33,624 12,280
Operations and administrative 19,919 4,846
Depreciation and amortization 15,339 6,757
Amortization of purchased intangibles and acquired capitalized software 6,851 53
Termination of office leases 19,970 0
Debt issue cost related to debt refinancing 6,021 0
Transaction advisory fees and expenses 7,496 132
Charges related to share based compensation at IPO 14 185
Financing interest expense on long-term borrowings 19,047 6,828
Total operating expenses 346,517 123,405
Income before income taxes and noncontrolling interest 468,536 23,882
Provision for income taxes 58,514 2,808
Net income 410,022 21,074
Noncontrolling interest (235,271) (16,494)
Net income available for common stockholders $ 174,751 $ 4,580
Earnings per share    
Basic (in dollars per share) $ 1.89 $ 0.10
Diluted (in dollars per share) $ 1.86 $ 0.10
Weighted average common shares outstanding    
Basic (in shares) 90,699,321 40,398,381
Diluted (in shares) 92,406,318 40,398,381
Comprehensive income    
Net income $ 410,022 $ 21,074
Other comprehensive income    
Foreign exchange translation adjustment, net of taxes 2,529 785
Comprehensive income 412,551 21,859
Less: Comprehensive income attributable to noncontrolling interest (236,559) (17,044)
Comprehensive income attributable to common stockholders $ 175,992 $ 4,815