
	June 30,		December 31,
	2026		2025

	(dollars in thousands)
Accounts receivable	$	20	$	56
Receivable and due from related parties	7,016		8,303
Other assets (1)	43,758		4,472

Deferred revenue	7,950		—
Payable and due to related parties	11,160		7,090

(1)As of June 30, 2026 and December 31, 2025, other assets included an equity method investment of $3.6 million and $4.5 million, respectively, representing a 50% equity interest in iAltA Capital Markets, LLC (“iAltA Capital”), in which an entity affiliated with a member of the Company’s board of directors is the other 50% investor (“iAltA Holdings”) and the Company’s director is also the Chief Executive Officer of both iAltA Capital and iAltA Holdings. As of June 30, 2026, other assets also included other equity investments totaling $40.2 million, through which the Company is able to exert significant influence over the investee’s operating and financial policies and are therefore also considered related parties.

The following amounts relating to transactions with such related parties were included in the condensed consolidated statements of income in the following line items:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025

	(dollars in thousands)
Revenue:
Subscription fees	$	364	$	239	$	656	$	565
LSEG market data fees (1)	26,496		20,569		53,238		49,494
Other fees	255		156		381		303
Expenses: (2)

Employee compensation and benefits (3)	(13)		—		(60)		—
Technology and communications	7,124		1,884		14,131		4,024
General and administrative	—		3		—		5
Professional fees	—		205		—		281
Occupancy	19		16		39		39
Non-operating income:
Other income (loss), net (4)	(482)		—		(911)		—

(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.

(3)The Company maintains a shared services agreement with iAltA Capital, through which the Company receives a reimbursement for employee compensation and benefits costs incurred related to work performed by the Company’s employees on behalf of iAltA Capital.

(4)Represents the Company’s estimated pro rata share of losses from its equity method investments in iAltA Capital (50% equity ownership) and MAXEX, LLC (“MAXEX”) (9% equity ownership).