XML 109 R84.htm IDEA: XBRL DOCUMENT v3.20.4

Receivables from/Payables to Broker-Dealers and Clearing Organizations (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Due from prime brokers	$ 697,293	$ 418,059
Deposits with clearing organizations	216,962	231,977
Net equity with futures commission merchants	248,943	267,748
Unsettled trades with clearing organizations	118,777	214,618
Securities failed to deliver	372,965	178,324
Commissions and fees	29,066	7,858
Total receivables from broker-dealers and clearing organizations	1,684,006	1,318,584
Liabilities
Due to prime brokers	410,772	511,524
Net equity with futures commission merchants	77,257	50,950
Unsettled trades with clearing organizations	228,070	118,286
Securities failed to receive	156,804	144,494
Commissions and fees	3,543	1,496
Total payables to broker-dealers and clearing organizations	876,446	826,750
Outstanding principal balance	$ 134,700	$ 134,300

X

- Definition

Amount payable to other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher SEC
-Name Rule 15c3-1
-Number 240
-Section 15c3-1

+ Details

Name:	srt_PayablesToBrokerDealersAndClearingOrganizations
Namespace Prefix:	srt_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_AssetsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount receivable from broker-dealers from commissions for executing orders on the floor of an exchange.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41256-110953

+ Details

Name:	us-gaap_CommissionsAndFloorBrokerageReceivables
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount payable to broker-dealers or clearing organizations for executing or clearing trades or orders.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41256-110953

+ Details

Name:	us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount receivable from correspondent broker-dealer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121593590&loc=d3e4428-111522

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35710130&loc=d3e41645-110958

+ Details

Name:	us-gaap_DueFromCorrespondentBrokers
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount payable to correspondent broker-dealer.

+ References

No definition available.

+ Details

Name:	us-gaap_DueToCorrespondentBrokers
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- References

No definition available.

+ Details

Name:	us-gaap_LiabilitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35710130&loc=d3e41645-110958

+ Details

Name:	us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount of right to receive cash and securities on deposit with clearing organizations. Clearing organizations perform post trade processing and trade comparisons among numerous broker-dealers and act as settlement agents between buying and selling broker-dealers.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 310
-URI http://asc.fasb.org/subtopic&trid=2176284

+ Details

Name:	us-gaap_ReceivablesFromClearingOrganizations
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount receivable as the result of a fail-to-deliver. A fail-to-deliver is a securities sale to another broker-dealer that has not been delivered to buying broker-dealer by the close of business on the settlement date.

+ References

No definition available.

+ Details

Name:	us-gaap_SecuritiesFailedToDeliver
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount payable as the result of fail-to-receive. A fail-to-receive is a securities purchase from another broker-dealer not received from the selling broker-dealer by the close of business on the settlement date.

+ References

No definition available.

+ Details

Name:	us-gaap_SecuritiesFailedToReceive
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Represents the amount of net equity with futures commission merchants, asset.

+ References

No definition available.

+ Details

Name:	virt_NetEquityWithFuturesCommissionMerchantAssets
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Represents the amount of net equity with futures commission merchants, liability.

+ References

No definition available.

+ Details

Name:	virt_NetEquityWithFuturesCommissionMerchantLiabilities
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Represents the carrying value of the outstanding principal balance on all of the entity's short-term credit facilities.

+ References

No definition available.

+ Details

Name:	virt_ShortTermCreditFacilities
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Represents the amount receivable for unsettled trades.

+ References

No definition available.

+ Details

Name:	virt_UnsettledTradeAssets
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Represents the amount payable for unsettled trade liabilities.

+ References

No definition available.

+ Details

Name:	virt_UnsettledTradeLiabilities
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant