v3.26.1
Related Party Transactions - Schedule of Affiliates were Included in the Consolidated Statements of Income (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Total revenue $ 617,764 $ 509,677
Expenses    
Employee compensation and benefits 197,793 176,877
Technology and communications 39,549 28,728
Professional fees 12,324 12,458
Occupancy 8,192 5,074
Other income (loss), net $ (1,156) 4,221
iAltaA Capital Markets, LLC    
Expenses    
Equity method investment percentage 50.00%  
MAXEX, LLC    
Expenses    
Equity method investment percentage 9.00%  
Affiliated Entity    
Expenses    
Employee compensation and benefits $ (47) 0
Technology and communications 7,007 2,140
General and administrative 0 2
Professional fees 0 76
Occupancy 20 23
Other income (loss), net $ (429) 0
Affiliated Entity | iAltaA Capital Markets, LLC    
Expenses    
Equity method investment percentage 50.00%  
Subscription fees    
Revenue:    
Total revenue $ 60,273 55,777
Subscription fees | Affiliated Entity    
Revenue:    
Total revenue 292 326
LSEG market data fees    
Revenue:    
Total revenue 26,742 28,925
LSEG market data fees | Affiliated Entity    
Revenue:    
Total revenue 26,742 28,925
Other fees    
Revenue:    
Total revenue 6,916 3,631
Other fees | Affiliated Entity    
Revenue:    
Total revenue $ 126 $ 147