v3.26.3
Related Party Transactions - Schedule of Affiliates were Included in the Consolidated Statements of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Total revenue $ 584,545 $ 508,598 $ 1,761,255 $ 1,531,246
Expenses        
Employee compensation and benefits 178,927 164,993 549,182 511,563
Technology and communications 44,623 33,867 126,148 92,807
Professional fees 19,757 11,483 44,846 38,100
Occupancy 8,165 6,641 24,735 17,737
Other income (loss), net $ 18,742 39,420 $ 24,864 56,306
iAltaA Capital Markets, LLC        
Expenses        
Equity method investment percentage 50.00%   50.00%  
MAXEX, LLC        
Expenses        
Equity method investment percentage 9.00%   9.00%  
Affiliated Entity        
Expenses        
Employee compensation and benefits $ 0 0 $ (60) 0
Technology and communications 7,393 4,293 21,524 8,317
General and administrative 0 2 0 7
Professional fees 0 82 0 363
Occupancy 20 20 59 59
Other income (loss), net $ (566) 0 $ (1,477) 0
Affiliated Entity | iAltaA Capital Markets, LLC        
Expenses        
Equity method investment percentage 50.00%   50.00%  
Subscription fees        
Revenue:        
Total revenue $ 61,410 60,830 $ 183,407 173,999
Subscription fees | Affiliated Entity        
Revenue:        
Total revenue 199 224 855 789
LSEG market data fees        
Revenue:        
Total revenue 26,539 20,534 79,777 70,028
LSEG market data fees | Affiliated Entity        
Revenue:        
Total revenue 26,539 20,534 79,777 70,028
Other        
Revenue:        
Total revenue 4,799 5,925 17,106 14,798
Other | Affiliated Entity        
Revenue:        
Total revenue $ 177 $ 155 $ 558 $ 458