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Parent Company - Statements of Cash Flows (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 827,234 $ 1,120,913 $ (103,705)
Adjustments to reconcile net income to net cash provided by operating activities:      
Deferred taxes 34,617 21,601 (18,691)
Net cash provided by operating activities 1,171,626 1,060,884 168,771
Cash flows from investing activities      
Net cash used in investing activities (87,349) (2,559) (899,643)
Cash flows from financing activities      
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest (548,017) (484,415) (211,635)
Repurchase of Class C common stock (3,454) 0 (196)
Tax receivable agreement obligations (16,505) (13,286) 0
Net cash provided by (used in) financing activities (957,859) (839,918) 769,580
Net increase in cash and cash equivalents 113,948 233,725 37,233
Cash, cash equivalents, and restricted or segregated cash, beginning of period 1,007,005 773,280 736,047
Cash, cash equivalents, and restricted or segregated cash, end of period 1,120,953 1,007,005 773,280
Supplementary disclosure of cash flow information      
Cash paid for taxes 134,878 248,532 12,273
Non-cash financing activities      
Tax receivable agreement described in Note 6 (311) 1,388 5,811
VFH      
Cash flows from operating activities      
Net income 827,234 1,120,913 (29,419)
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in income of subsidiary, net of tax 87,055 (543,992) 136,878
Tax receivable agreement obligation reduction 4,622 15,169 54,879
Deferred taxes 36,526 14,243 (8,165)
Changes in operating assets and liabilities: 42,086 (48,566) 2,339
Net cash provided by operating activities 997,523 557,767 156,512
Cash flows from investing activities      
Investments in subsidiaries, equity basis 55,654 56,629 70,762
Net cash used in investing activities 55,654 56,629 70,762
Cash flows from financing activities      
Dividends to stockholders and distributions from Virtu Financial to noncontrolling interest (548,017) (484,415) (211,635)
Repurchase of Class C common stock (427,454) (49,864) (14,259)
Tax receivable agreement obligations (16,505) (13,286) 0
Issuance of common stock in connection with secondary offering, net of offering costs 0 0 (375)
Net cash provided by (used in) financing activities (995,430) (547,565) (226,465)
Net increase in cash and cash equivalents 57,747 66,831 809
Cash, cash equivalents, and restricted or segregated cash, beginning of period 71,481 4,650 3,841
Cash, cash equivalents, and restricted or segregated cash, end of period 129,228 71,481 4,650
Supplementary disclosure of cash flow information      
Cash paid for taxes 78,844 203,031 1,332
Non-cash financing activities      
Tax receivable agreement described in Note 6 311 (1,388) (5,811)
VFH | Class C Common Stock      
Cash flows from financing activities      
Repurchase of Class C common stock $ (3,454) $ 0 $ (196)