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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
Fee and other revenue $ 314.7 $ 305.5
Investment revenue 22.8 2.1
Total revenue 337.5 307.6
COST OF REVENUE    
Commissions and other fee expense 149.6 148.7
Investment commissions expense 13.7 0.4
Direct transaction expense 14.6 12.3
Total cost of revenue 177.9 161.4
GROSS PROFIT    
Gross Profit, Total 159.6 146.2
OPERATING EXPENSES    
Compensation and benefits 61.0 56.5
Transaction and operations support 50.5 45.1
Occupancy, equipment and supplies 15.9 14.5
Depreciation and amortization 12.5 12.2
Total operating expenses 139.9 128.3
OPERATING INCOME 19.7 17.9
Other expenses    
Interest expense 15.0 10.9
Other non-operating expense 1.0 0.9
Total other expenses 16.0 11.8
Income before income taxes 3.7 6.1
Income tax (benefit) expense (1.3) 1.0
NET INCOME $ 5.0 $ 5.1
EARNINGS PER COMMON SHARE    
Basic (usd per share) $ 0.05 $ 0.05
Diluted (usd per share) $ 0.05 $ 0.05
Basic 97.2 95.7
Diluted (in shares) 100.7 99.5