Revenues from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following tables present the Company’s revenue from contracts with customers disaggregated by service, by timing of revenue recognition, reconciled to the Company’s segments, for the years ended December 31, 2021, 2020 and 2019:

	Year Ended December 31, 2021
(in thousands)	Market Making		Execution Services		Corporate		Total
Revenues from contracts with customers:
Commissions, net	$	40,955	$	433,755	$	—	$	474,710
Workflow technology	—		98,486		—		98,486
Analytics	—		41,293		—		41,293
Total revenue from contracts with customers	40,955		573,534		—		614,489
Other sources of revenue	2,162,091		26,681		8,224		2,196,996
Total revenues	$	2,203,046	$	600,215	$	8,224	$	2,811,485
Timing of revenue recognition:
Services transferred at a point in time	$	2,203,046	$	525,960	$	8,224	$	2,737,230
Services transferred over time	—		74,255		—		74,255
Total revenues	$	2,203,046	$	600,215	$	8,224	$	2,811,485

	Year Ended December 31, 2020
(in thousands)	Market Making		Execution Services		Corporate		Total
Revenues from contracts with customers:
Commissions, net	$	52,453	$	405,698	$	—	$	458,151
Workflow technology	—		101,211		—		101,211
Analytics	—		41,148				41,148
Total revenue from contracts with customers	52,453		548,057		—		600,510
Other sources of revenue	2,540,889		102,086		(4,154)		2,638,821
Total revenues	$	2,593,342	$	650,143	$	(4,154)	$	3,239,331
Timing of revenue recognition:
Services transferred at a point in time	$	2,593,342	$	575,846	$	(4,154)	$	3,165,034
Services transferred over time	—		74,297		—		74,297
Total revenues	$	2,593,342	$	650,143	$	(4,154)	$	3,239,331

	Year Ended December 31, 2019
(in thousands)	Market Making		Execution Services		Corporate		Total
Revenues from contracts with customers:
Commissions, net	$	23,526	$	357,401	$	—	$	380,927
Workflow technology	—		82,610		—		82,610
Analytics	—		35,007				35,007
Total revenue from contracts with customers	23,526		475,018		—		498,544
Other sources of revenue	1,004,568		16,718		(2,338)		1,018,948
Total revenues	$	1,028,094	$	491,736	$	(2,338)	$	1,517,492
Timing of revenue recognition:
Services transferred at a point in time	$	1,028,094	$	425,549	$	(2,338)	$	1,451,305
Services transferred over time	—		66,187		—		66,187
Total revenues	$	1,028,094	$	491,736	$	(2,338)	$	1,517,492