XML 61 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Revenues from Contracts with Customers (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following tables present the Company’s revenue from contracts with customers disaggregated by service, and timing of revenue recognition, reconciled to the Company’s segments, for the three months ended March 31, 2024 and 2023:

						Three Months Ended March 31, 2024
(in thousands)						Market Making						Execution Services						Corporate						Total
Revenues from contracts with customers:
Commissions, net						$	7,202					$	78,210					$	—					$	85,412
Workflow technology						—						23,918						—						23,918
Analytics						—						9,281						—						9,281
Total revenue from contracts with customers						7,202						111,409						—						118,611
Other sources of revenue						513,806						6,379						4,043						524,228
Total revenues						$	521,008					$	117,788					$	4,043					$	642,839
Timing of revenue recognition:
Services transferred at a point in time						$	521,008					$	100,137					$	4,043					$	625,188
Services transferred over time						—						17,651						—						17,651
Total revenues						$	521,008					$	117,788					$	4,043					$	642,839

						Three Months Ended March 31, 2023
(in thousands)						Market Making						Execution Services						Corporate						Total
Revenues from contracts with customers:
Commissions, net						$	9,701					$	77,257					$	—					$	86,958
Workflow technology						—						24,957						—						24,957
Analytics						—						9,529						—						9,529
Total revenue from contracts with customers						9,701						111,743						—						121,444
Other sources of revenue						489,220						6,735						2,981						498,936
Total revenues						$	498,921					$	118,478					$	2,981					$	620,380
Timing of revenue recognition:
Services transferred at a point in time						$	498,921					$	100,480					$	2,981					$	602,382
Services transferred over time						—						17,998						—						17,998
Total revenues						$	498,921					$	118,478					$	2,981					$	620,380

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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