XML 447 R75.htm IDEA: XBRL DOCUMENT v3.24.2

Financial Assets and Liabilities - Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Assets
Other Assets	$ 112,137	$ 84,521
Receivables from broker-dealers and clearing organizations	902,867	737,724
Liabilities
Financial instruments sold, not yet purchased, at fair value	6,287,382	6,071,352
Financial instruments sold, not yet purchased, at fair value, counterparty and cash collateral netting	(304,738)	(336,311)
Payables to broker-dealers and clearing organizations	843,112	1,167,712
Interest rate swap
Assets
Receivables from broker-dealers and clearing organizations	5,612
Liabilities
Payables to broker-dealers and clearing organizations		7,661
Not Pledged
Assets
Financial instruments owned, at fair value	5,830,029	6,127,752
Financial instruments owned, at fair value, counterparty and cash collateral netting	(275,473)	(354,698)
Pledged
Assets
Financial instruments owned, at fair value	1,499,401	1,230,859
Equity securities
Liabilities
Financial instruments sold, not yet purchased, at fair value	3,583,941	2,612,817
Equity securities | Not Pledged
Assets
Financial instruments owned, at fair value	3,159,532	2,554,805
Equity securities | Pledged
Assets
Financial instruments owned, at fair value	1,490,271	1,222,559
U.S. and Non-U.S. government obligations
Liabilities
Financial instruments sold, not yet purchased, at fair value	1,399,264	2,072,949
U.S. and Non-U.S. government obligations | Not Pledged
Assets
Financial instruments owned, at fair value	1,221,831	2,296,719
Corporate Bonds
Liabilities
Financial instruments sold, not yet purchased, at fair value	1,259,855	1,358,522
Corporate Bonds | Not Pledged
Assets
Financial instruments owned, at fair value	1,415,169	1,232,097
Exchange traded notes
Liabilities
Financial instruments sold, not yet purchased, at fair value	40,947	21,104
Exchange traded notes | Not Pledged
Assets
Financial instruments owned, at fair value	28,937	18,065
Exchange traded notes | Pledged
Assets
Financial instruments owned, at fair value	9,130	8,300
Currency forwards
Liabilities
Financial instruments sold, not yet purchased, at fair value	2	2,774
Financial instruments sold, not yet purchased, at fair value, counterparty and cash collateral netting	(304,738)	(336,311)
Currency forwards | Not Pledged
Assets
Financial instruments owned, at fair value	1,894	22,581
Financial instruments owned, at fair value, counterparty and cash collateral netting	(275,473)	(354,698)
Options
Liabilities
Financial instruments sold, not yet purchased, at fair value	3,373	3,186
Options | Not Pledged
Assets
Financial instruments owned, at fair value	2,666	3,485
Equity investment
Assets
Other Assets	79,031	81,805
Exchange stock
Assets
Other Assets	2,599	2,716
Interest rate swaps and digital assets
Assets
Receivables from broker-dealers and clearing organizations	27,682
Receivables linked to digital assets
Assets
Other Assets	30,507
Receivables from broker-dealers and clearing organizations	22,070
Liabilities
Payables to broker-dealers and clearing organizations	43,768
Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Other Assets	33,106	2,716
Receivables from broker-dealers and clearing organizations	0	0
Liabilities
Financial instruments sold, not yet purchased, at fair value	2,406,016	1,632,305
Payables to broker-dealers and clearing organizations	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Interest rate swap
Assets
Receivables from broker-dealers and clearing organizations	0
Liabilities
Payables to broker-dealers and clearing organizations		0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Not Pledged
Assets
Financial instruments owned, at fair value	1,032,882	1,235,736
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Pledged
Assets
Financial instruments owned, at fair value	992,445	871,240
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Equity securities
Liabilities
Financial instruments sold, not yet purchased, at fair value	2,107,475	1,447,726
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Equity securities | Not Pledged
Assets
Financial instruments owned, at fair value	772,892	710,699
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Equity securities | Pledged
Assets
Financial instruments owned, at fair value	992,444	871,237
Quoted Prices in Active Markets for Identical Assets (Level 1)  | U.S. and Non-U.S. government obligations
Liabilities
Financial instruments sold, not yet purchased, at fair value	295,163	181,393
Quoted Prices in Active Markets for Identical Assets (Level 1)  | U.S. and Non-U.S. government obligations | Not Pledged
Assets
Financial instruments owned, at fair value	257,316	521,542
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Corporate Bonds
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Corporate Bonds | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Exchange traded notes
Liabilities
Financial instruments sold, not yet purchased, at fair value	5	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Exchange traded notes | Not Pledged
Assets
Financial instruments owned, at fair value	8	10
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Exchange traded notes | Pledged
Assets
Financial instruments owned, at fair value	1	3
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Currency forwards
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Currency forwards | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Options
Liabilities
Financial instruments sold, not yet purchased, at fair value	3,373	3,186
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Options | Not Pledged
Assets
Financial instruments owned, at fair value	2,666	3,485
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Equity investment
Assets
Other Assets	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Exchange stock
Assets
Other Assets	2,599	2,716
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Interest rate swaps and digital assets
Assets
Receivables from broker-dealers and clearing organizations	0
Quoted Prices in Active Markets for Identical Assets (Level 1)  | Receivables linked to digital assets
Assets
Other Assets	30,507
Receivables from broker-dealers and clearing organizations
Liabilities
Payables to broker-dealers and clearing organizations	0
Significant Other Observable Inputs (Level 2)
Assets
Other Assets	0	0
Receivables from broker-dealers and clearing organizations	875,185	737,724
Liabilities
Financial instruments sold, not yet purchased, at fair value	4,186,104	4,775,358
Payables to broker-dealers and clearing organizations	799,344	1,160,051
Significant Other Observable Inputs (Level 2)  | Interest rate swap
Assets
Receivables from broker-dealers and clearing organizations	5,612
Liabilities
Payables to broker-dealers and clearing organizations		7,661
Significant Other Observable Inputs (Level 2)  | Not Pledged
Assets
Financial instruments owned, at fair value	5,072,620	5,246,714
Significant Other Observable Inputs (Level 2)  | Pledged
Assets
Financial instruments owned, at fair value	506,956	359,619
Significant Other Observable Inputs (Level 2)  | Equity securities
Liabilities
Financial instruments sold, not yet purchased, at fair value	1,476,466	1,165,091
Significant Other Observable Inputs (Level 2)  | Equity securities | Not Pledged
Assets
Financial instruments owned, at fair value	2,386,640	1,844,106
Significant Other Observable Inputs (Level 2)  | Equity securities | Pledged
Assets
Financial instruments owned, at fair value	497,827	351,322
Significant Other Observable Inputs (Level 2)  | U.S. and Non-U.S. government obligations
Liabilities
Financial instruments sold, not yet purchased, at fair value	1,104,101	1,891,556
Significant Other Observable Inputs (Level 2)  | U.S. and Non-U.S. government obligations | Not Pledged
Assets
Financial instruments owned, at fair value	964,515	1,775,177
Significant Other Observable Inputs (Level 2)  | Corporate Bonds
Liabilities
Financial instruments sold, not yet purchased, at fair value	1,259,855	1,358,522
Significant Other Observable Inputs (Level 2)  | Corporate Bonds | Not Pledged
Assets
Financial instruments owned, at fair value	1,415,169	1,232,097
Significant Other Observable Inputs (Level 2)  | Exchange traded notes
Liabilities
Financial instruments sold, not yet purchased, at fair value	40,942	21,104
Significant Other Observable Inputs (Level 2)  | Exchange traded notes | Not Pledged
Assets
Financial instruments owned, at fair value	28,929	18,055
Significant Other Observable Inputs (Level 2)  | Exchange traded notes | Pledged
Assets
Financial instruments owned, at fair value	9,129	8,297
Significant Other Observable Inputs (Level 2)  | Currency forwards
Liabilities
Financial instruments sold, not yet purchased, at fair value	304,740	339,085
Significant Other Observable Inputs (Level 2)  | Currency forwards | Not Pledged
Assets
Financial instruments owned, at fair value	277,367	377,279
Significant Other Observable Inputs (Level 2)  | Options
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Significant Other Observable Inputs (Level 2)  | Options | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Other Observable Inputs (Level 2)  | Equity investment
Assets
Other Assets	0	0
Significant Other Observable Inputs (Level 2)  | Exchange stock
Assets
Other Assets	0	0
Significant Other Observable Inputs (Level 2)  | Interest rate swaps and digital assets
Assets
Receivables from broker-dealers and clearing organizations	27,682
Significant Other Observable Inputs (Level 2)  | Receivables linked to digital assets
Assets
Other Assets
Receivables from broker-dealers and clearing organizations	22,070
Liabilities
Payables to broker-dealers and clearing organizations	43,768
Significant Unobservable Inputs (Level 3)
Assets
Other Assets	79,031	81,805
Receivables from broker-dealers and clearing organizations	0	0
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Payables to broker-dealers and clearing organizations	0	0
Significant Unobservable Inputs (Level 3)  | Interest rate swap
Assets
Receivables from broker-dealers and clearing organizations	0
Liabilities
Payables to broker-dealers and clearing organizations		0
Significant Unobservable Inputs (Level 3)  | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Equity securities
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Equity securities | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Equity securities | Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | U.S. and Non-U.S. government obligations
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | U.S. and Non-U.S. government obligations | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Corporate Bonds
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Corporate Bonds | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Exchange traded notes
Liabilities
Financial instruments sold, not yet purchased, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Exchange traded notes | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Exchange traded notes | Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Currency forwards
Liabilities
Financial instruments sold, not yet purchased, at fair value	0
Significant Unobservable Inputs (Level 3)  | Currency forwards | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Options
Liabilities
Financial instruments sold, not yet purchased, at fair value	0
Significant Unobservable Inputs (Level 3)  | Options | Not Pledged
Assets
Financial instruments owned, at fair value	0	0
Significant Unobservable Inputs (Level 3)  | Equity investment
Assets
Other Assets	79,031	81,805
Significant Unobservable Inputs (Level 3)  | Exchange stock
Assets
Other Assets	0	$ 0
Significant Unobservable Inputs (Level 3)  | Interest rate swaps and digital assets
Assets
Receivables from broker-dealers and clearing organizations	0
Significant Unobservable Inputs (Level 3)  | Receivables linked to digital assets
Assets
Other Assets	0
Receivables from broker-dealers and clearing organizations
Liabilities
Payables to broker-dealers and clearing organizations	$ 0

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
-Name Rule 15c3-1
-Number 240
-Section 15c3-1
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481833/940-20-45-3

+ 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_AssetsFairValueDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The aggregate fair value as of the balance sheet date of financial instruments and other positions owned by the entity including: (1) mortgages, mortgage-backed and asset backed securities; (2) US government and agency obligations; (3) state and municipal government obligations; (4) other sovereign government debt; (5) corporate obligations; (6) corporate equities; (7) principal investments; (8) derivative contracts; and (9) physical commodities. Includes both pledged and unpledged holdings.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479035/940-320-45-2

+ Details

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

X

- Definition

Fair value of obligations incurred from short sales.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 320
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479035/940-320-45-2

+ Details

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

X

- References

No definition available.

+ Details

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

X

- Definition

Fair value portion of other assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

+ Details

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

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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481833/940-20-45-3

+ Details

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

X

- Definition

The fair value as of the balance sheet date of financial instruments and other positions owned by the entity, counterparty and cash collateral netting.

+ References

No definition available.

+ Details

Name:	virt_FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

Fair value of obligations incurred from short sales, counterparty and cash collateral netting.

+ References

No definition available.

+ Details

Name:	virt_FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting
Namespace Prefix:	virt_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	duration

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_PledgedStatusAxis=us-gaap_AssetNotPledgedAsCollateralMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_PledgedStatusAxis=us-gaap_AssetPledgedAsCollateralMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_EquitySecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=virt_USAndNonUSGovernmentObligationsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_BondsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=virt_ExchangeTradedNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_ForeignExchangeForwardMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_OptionMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=virt_FairValueOptionInvestmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=virt_ExchangeStockMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=virt_InterestRateSwapsAndDigitalAssetsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=virt_DigitalAssetsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: