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Business Held for Sale
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Business Held for Sale Business Held for Sale
On April 19, 2024, the Company entered into a Unit Purchase Agreement with MarketAxess Holdings Inc. (“MarketAxess”) pursuant to which the Company has agreed to sell a 49% interest in the multi-asset request-for-quote communication platform JV, RFQ-hub Holdings LLC (“RFQ-hub Holdings,” or collectively with its wholly owned or controlled subsidiaries, “RFQ-hub”, which includes RFQ-hub Americas LLC, or “RAL”). The sale is subject to various closing conditions including the receipt of certain regulatory approvals and is expected to close in the third quarter of 2024. Upon the closing of the sale, the Company will retain a minority stake in RFQ-hub.

A summary of the assets and liabilities of business held for sale is summarized as follows:
(in thousands)
Business assets and liabilities held for sale as of June 30, 2024:
Property, equipment and capitalized software (net)$965 
Intangibles (net)3,486 
Other assets34 
Liabilities$(1,433)
Total carrying value of RFQ-hub as of June 30, 2024:$3,052