v3.25.1
Related Party Transactions
 3 Months Ended
Mar. 31, 2025
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company enters into transactions with its affiliates from time to time which are considered to be related party transactions.
As of March 31, 2025 and December 31, 2024, the following balances with such affiliates were included in the condensed consolidated statements of financial condition in the following line items:
March 31,December 31,
20252024
(dollars in thousands)
Accounts receivable$10 $786 
Receivable and due from affiliates1,100 8,094 
Other assets565 7 
Accounts payable, accrued expenses and other liabilities
1,870 1,469 
Deferred revenue6,440 6,459 
Payable and due to affiliates574 763 
The following balances with such affiliates were included in the condensed consolidated statements of income in the following line items:
Three Months Ended
March 31,
20252024
(dollars in thousands)
Revenue:
Subscription fees$326 $304 
LSEG market data fees (1)
28,925 20,500 
Other fees147 205 
Expenses: (2)
Technology and communications2,140 1,572 
General and administrative2 3 
Professional fees76 26 
Occupancy23 13 
(1)The Company maintains a market data license agreement with an affiliate of LSEG. Under the agreement, the Company delivers to LSEG certain market data feeds which LSEG distributes to its customers. The Company earns license fees and royalties for these feeds.
(2)The Company maintains agreements with LSEG to provide the Company with certain market data, office space, finance, human resources and other administrative services.