Sale of RFQ-hub (Tables)

6 Months Ended

Jun. 30, 2026

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Carrying Value and Gain on Sale of BondPoint

A summary of the gain on sale and deconsolidation of RFQ-hub is as follows:


(in thousands)	May 9, 2025
Total sale proceeds received	$	37,932
Retained noncontrolling investments	1,548
Carrying value of noncontrolling interest deconsolidated	35,608
Carrying value of RFQ-hub’s net assets:
Cash and cash equivalents	$	1,554
Receivables from broker-dealers and clearing organizations	512
Property, equipment and capitalized software (net)	736
Intangibles (net)	3,043
Other assets	3,939
Liabilities	$	(1,684)

Less: Total carrying value of RFQ-hub’s net assets	$	8,100

Gain on sale of RFQ-hub	$	66,988

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details