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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net income (loss)	$ (13,619)	$ 410,022
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,450	15,339
Amortization of purchased intangibles and acquired capitalized software	10,922	6,851
Debt issue cost related to debt refinancing and prepayment	9,214	6,021
Amortization of debt issuance costs and deferred financing fees	2,644	1,583
Termination of office leases	0	19,970
Share based compensation	21,890	9,122
Deferred taxes	2,489	2,471
Gain on sale of businesses	0	(329,703)
Other	14,749	(7,328)
Changes in operating assets and liabilities:
Securities borrowed	129,999	239,124
Securities purchased under agreements to resell	9,820	(602)
Receivables from broker-dealers and clearing organizations	241,841	(462,022)
Trading assets, at fair value	(312,005)	(194,984)
Receivables from customer	1,147	0
Other assets	13,337	5,848
Securities loaned	(327,799)	181,374
Securities sold under agreements to repurchase	8,139	(125,241)
Payables to broker-dealers and clearing organizations	268,358	(67,417)
Payables to customers	(44,015)	0
Trading liabilities, at fair value	(180,781)	461,855
Accounts payable, accrued expenses and other liabilities	(82,749)	(53,276)
Net cash provided by (used in) operating activities	(209,969)	119,007
Cash flows from investing activities
Development of capitalized software	(6,245)	(7,016)
Acquisition of property and equipment	(4,662)	(4,505)
Proceeds from sale of business	0	400,192
ITG Acquisition, net of cash acquired, described in Note 3	(835,581)
Investment in joint ventures	(1,500)	0
Net cash provided by (used in) investing activities	(847,988)	388,671
Cash flows from financing activities
Distribution from Virtu Financial to non-controlling interest	(37,196)	(99,038)
Dividends	(26,312)	(22,380)
Repurchase of stock	(8,805)	(14,444)
Stock options exercised	859	13,908
Short-term borrowings, net	127,616	(7,500)
Proceeds from long-term borrowings	1,492,500	0
Repayment of long term borrowings	(400,000)	(276,000)
Debt issuance costs	(35,021)	0
Net cash provided by (used in) financing activities	1,113,641	(405,786)
Effect of exchange rate changes on cash and cash equivalents	(3,404)	2,529
Net increase (decrease) in cash and cash equivalents	52,280	104,421
Cash and cash equivalents beginning of period	736,047	532,887
Cash and cash equivalents, end of period	788,327	637,308
Supplementary disclosure of cash flow information
Cash paid for interest	31,954	30,632
Cash paid for taxes	1,171	156
Non-cash investing activities
Share based compensation to developers relating to capitalized software	567	206
Non-cash financing activities
Tax receivable agreement described in Note 6	0	0
Discount on issuance of senior secured credit facility	0	0
Class C common stock
Cash flows from financing activities
Repurchase of stock	$ 0	$ (332)

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Other cash or noncash adjustments to reconcile net income to cash provided by (used in) operating activities that are not separately disclosed in the statement of cash flows (for example, cash received or cash paid during the current period for miscellaneous operating activities, net change during the reporting period in other assets or other liabilities).

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The cash outflow to reacquire common stock during the period.

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Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.

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The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group.

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The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.

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The cash outflow associated with the development or modification of software programs or applications for internal use (that is, not to be sold, leased or otherwise marketed to others) that qualify for capitalization.

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Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest.

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The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period.

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The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer.

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Amount of cash inflow from exercise of stock options granted under share-based compensation arrangement.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

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No definition available.

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Cash Flow Noncash Financing Activities Disclosure [Abstract]

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The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives.

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Represents the amount of increase (decrease) in accounts payable and accrued expenses and other liabilities.

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Represents the amount of increase (decrease) in fair value of trading assets.

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Represents the amount of increase (decrease) in fair value of trading liabilities.

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Represents the amount of expense related to the lease abandonment or termination.

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Represents the amount of non-cash compensation to developers subject to capitalization of software.

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Non-Cash Financing Activities, Debt Discount

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Noncash Financing Activities, Tax Receivable Agreement

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