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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net Income $ 239,425 $ 139,626
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 32,154 31,261
Amortization of purchased intangibles and acquired capitalized software 26,840 32,040
Debt issue cost related to debt refinancing and prepayment 22,563 306
Amortization of debt issuance costs and deferred financing fees 3,522 3,452
Termination of office leases 33 (50)
Share-based compensation 32,996 31,754
Deferred taxes 10,614 13,165
Other (28,192) 2,742
Changes in operating assets and liabilities:    
Securities borrowed (196,533) (477,505)
Securities purchased under agreements to resell 718,822 (456,816)
Receivables from broker-dealers and clearing organizations (159,531) (350,768)
Trading assets, at fair value 29,181 (1,821,748)
Receivables from customers (18,524) (49,793)
Operating lease right-of-use assets 28,573 13,306
Other assets (41,325) 6,104
Securities loaned 228,215 246,462
Securities sold under agreements to repurchase (723,951) 492,602
Payables to broker-dealers and clearing organizations (316,939) 574,434
Payables to customers 35,479 (6,785)
Trading liabilities, at fair value 216,030 1,615,913
Operating lease liabilities (30,100) (15,116)
Accounts payable, accrued expenses and other liabilities (13,944) (50,970)
Net cash provided by (used in) operating activities 95,408 (26,384)
Cash flows from investing activities    
Development of capitalized software (28,649) (26,411)
Acquisition of property and equipment (6,734) (21,865)
Other investing activities (1,061) (6,860)
Net cash used in investing activities (36,444) (55,136)
Cash flows from financing activities    
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest (160,684) (145,656)
Repurchase of Class C common stock 0 (424)
Purchase of treasury stock (82,945) (134,962)
Stock options exercised 558 0
Short-term borrowings, net 75,000 111,056
Proceeds from long-term borrowings 1,741,888 0
Repayment of long-term borrowings (1,727,000) (18,000)
Proceeds from interest rate swaps 1,955 0
Payment of tax receivable agreement obligations (20,226) (23,216)
Debt issuance costs (23,217) (3,888)
Net cash used in financing activities (194,671) (215,090)
Effect of exchange rate changes on cash and cash equivalents (3,090) 4,175
Net decrease in cash and cash equivalents (138,797) (292,435)
Cash, cash equivalents, and restricted or segregated cash, beginning of period 855,460 1,038,242
Cash, cash equivalents, and restricted or segregated cash, end of period 716,663 745,807
Supplementary disclosure of cash flow information    
Cash paid for interest 285,693 225,332
Cash paid for taxes 25,984 15,345
Non-cash investing activities    
Share-based and accrued incentive compensation to developers relating to capitalized software $ 10,529 $ 9,811