XML 51 R35.htm IDEA: XBRL DOCUMENT
v3.19.1

Goodwill and Intangible Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill by segment | The following table presents the details of goodwill by segment:
(in thousands) |  | Market Making |  | Execution Services |  | Corporate |  | Total
Balance as of December 31, 2018 |  | $ | 755,292 |  |  | $ | 81,291 |  |  | $ | — |  |  | $ | 836,583 |
Goodwill recognized in ITG Acquisition |  | — |  |  | 357,334 |  |  | — |  |  | 357,334 |
Currency translation adjustment |  | — |  |  | (220 | ) |  | $ | — |  |  | (220 | )
Balance as of March 31, 2019 |  | $ | 755,292 |  |  | $ | 438,405 |  |  | $ | — |  |  | $ | 1,193,697 |
Schedule of acquired intangible assets | Acquired intangible assets consisted of the following as of March 31, 2019 and December 31, 2018:
|  | As of March 31, 2019
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Useful Lives (Years)
Purchased technology |  | $ | 110,000 |  |  | $ | 110,000 |  |  | $ | — |  |  | 1.4 | to | 2.5
ETF issuer relationships |  | 950 |  |  | 691 |  |  | 259 |  |  |  | 9 |
ETF buyer relationships |  | 950 |  |  | 691 |  |  | 259 |  |  |  | 9 |
Technology |  | 153,000 |  |  | 36,538 |  |  | 116,462 |  |  | 1 | to | 6
Customer relationships |  | 432,000 |  |  | 10,238 |  |  | 421,762 |  |  | 10 | to | 12
Trade name |  | 3,600 |  |  | 100 |  |  | 3,500 |  |  |  | 3 |
Favorable occupancy leases |  | 5,895 |  |  | 1,428 |  |  | 4,467 |  |  | 3 | to | 15
Exchange memberships |  | 5,838 |  |  | — |  |  | 5,838 |  |  | Indefinite
|  | $ | 712,233 |  |  | $ | 159,686 |  |  | $ | 552,547 |  |  |  |  |
|  | As of December 31, 2018
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Useful Lives (Years)
Purchased technology |  | $ | 110,000 |  |  | $ | 110,000 |  |  | $ | — |  |  | 1.4 | to | 2.5
ETF issuer relationships |  | 950 |  |  | 665 |  |  | 285 |  |  |  | 9 |
ETF buyer relationships |  | 950 |  |  | 665 |  |  | 285 |  |  |  | 9 |
Technology |  | 60,000 |  |  | 30,185 |  |  | 29,815 |  |  | 1 | to | 6
Customer relationships |  | 49,000 |  |  | 5,905 |  |  | 43,095 |  |  |  | 12 |
Favorable occupancy leases |  | 5,895 |  |  | 1,224 |  |  | 4,671 |  |  | 3 | to | 15
Exchange memberships |  | 5,838 |  |  | — |  |  | 5,838 |  |  | Indefinite
|  | $ | 232,633 |  |  | $ | 148,644 |  |  | $ | 83,989 |  |  |  |  |

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

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration