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Parent Company - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 1,120,913 $ (103,705) $ 620,192
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred taxes 21,601 (18,691) 4,131
Net cash provided by operating activities 1,060,884 168,771 714,595
Cash flows from investing activities      
Net cash provided by (used in) investing activities (2,559) (899,643) 329,174
Cash flows from financing activities      
Distribution from Virtu Financial to non-controlling interest (363,919) (99,221) (206,903)
Dividends (120,496) (112,414) (100,329)
Tax receivable agreement obligations (13,286) 0 (12,359)
Net cash provided by (used in) financing activities (839,918) 769,580 (835,482)
Net increase (decrease) in Cash 233,725 37,233 203,160
Cash, beginning of period 773,280 736,047 532,887
Cash, end of period 1,007,005 773,280 736,047
Supplementary disclosure of cash flow information      
Cash paid for taxes 248,532 12,273 93,991
Non-cash financing activities      
Tax receivable agreement described in Note 7 1,388 5,811 991
Class C Common Stock      
Cash flows from financing activities      
Purchase of treasury stock 0 (196) (8,216)
VFH      
Cash flows from operating activities      
Net income 1,120,913 (29,419) 620,192
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income of subsidiary, net of tax (543,992) 136,878 (305,936)
Tax receivable agreement obligation reduction 15,169 54,879 79,722
Deferred taxes 14,243 (8,165) (64,996)
Changes in operating assets and liabilities: (48,566) 2,339 (25,268)
Net cash provided by operating activities 557,767 156,512 303,714
Cash flows from investing activities      
Investments in subsidiaries, equity basis 56,629 70,762 34,909
Net cash provided by (used in) investing activities 56,629 70,762 34,909
Cash flows from financing activities      
Distribution from Virtu Financial to non-controlling interest (363,919) (99,221) (206,903)
Dividends (120,496) (112,414) (100,329)
Purchase of treasury stock (49,864) (14,259) (66,218)
Tax receivable agreement obligations (13,286) 0 (12,359)
Issuance of common stock in connection with secondary offering, net of offering costs 0 (375) (950)
Net cash provided by (used in) financing activities (547,565) (226,465) (394,975)
Net increase (decrease) in Cash 66,831 809 (56,352)
Cash, beginning of period 4,650 3,841 60,193
Cash, end of period 71,481 4,650 3,841
Supplementary disclosure of cash flow information      
Cash paid for taxes 203,031 1,332 73,991
Non-cash financing activities      
Tax receivable agreement described in Note 7 (1,388) (5,811) (911)
VFH | Class C Common Stock      
Cash flows from financing activities      
Repurchase of Class C common stock $ 0 $ (196) $ (8,216)