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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net Income $ 410,022 $ 21,074
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15,339 6,757
Amortization of purchased intangibles and acquired capitalized software 6,851 53
Debt issue cost related to debt refinancing 6,021 0
Amortization of debt issuance costs and deferred financing fees 1,583 214
Termination of office leases 19,970 0
Share based compensation 9,122 3,818
Deferred taxes 2,471 2,354
Gain on sale of BondPoint (329,703) 0
Other (7,328) 1,570
Changes in operating assets and liabilities:    
Securities borrowed 239,124 (138,458)
Securities purchased under agreements to resell (602) 0
Receivables from broker dealers and clearing organizations (462,022) (213,585)
Trading assets, at fair value (194,984) (72,088)
Other Assets 5,848 563
Securities loaned 181,374 201,469
Securities sold under agreements to repurchase (125,241) 0
Payables to broker dealers and clearing organizations (67,417) (106,290)
Trading liabilities, at fair value 461,855 324,647
Accounts payable and accrued expenses and other liabilities (53,276) (11)
Net cash provided by operating activities 119,007 32,087
Cash flows from investing activities    
Development of capitalized software (7,016) (2,016)
Acquisition of property and equipment (4,505) (3,843)
Proceeds from sale of BondPoint 400,192 0
Net cash provided by (used in) investing activities 388,671 (5,859)
Cash flows from financing activities    
Distribution from Virtu Financial to non-controlling interest (99,038) (21,011)
Dividends (22,380) (10,114)
Purchase of treasury stock (14,444) (441)
Stock option exercised 13,908 0
Short-term borrowings, net (7,500) (3,000)
Payments on repurchase of non-voting common interest 0 (500)
Repayment of senior secured credit facility (276,000) (1,350)
Tax receivable agreement obligations 0 (7,045)
Debt issuance costs 0 0
Net cash used in financing activities (405,786) (43,461)
Effect of exchange rate changes on cash and cash equivalents 2,529 785
Net increase in cash and cash equivalents 104,421 (16,448)
Cash and cash equivalents beginning of period 532,887 181,415
Cash and cash equivalents, end of period 637,308 164,967
Supplementary disclosure of cash flow information    
Cash paid for interest 30,632 13,197
Cash paid for taxes 156 1,915
Non-cash investing activities    
Share based compensation to developers relating to capitalized software 206 664
Class C    
Cash flows from financing activities    
Purchase of treasury stock $ (332) $ 0