2021 Q4 Form 10-K Financial Statement

#000159238622000041 Filed on February 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $705.6M $2.811B $676.7M
YoY Change 4.27% -13.21% 69.34%
Cost Of Revenue $242.5M $971.7M $234.8M
YoY Change 3.26% -3.22% 12.99%
Gross Profit $463.1M $1.840B $441.9M
YoY Change 4.81% -17.69% 130.28%
Gross Profit Margin 65.64% 65.44% 65.3%
Selling, General & Admin $125.6M $464.4M $87.50M
YoY Change 43.57% -4.85% -32.12%
% of Gross Profit 27.12% 25.24% 19.8%
Research & Development $212.0M
YoY Change -0.82%
% of Gross Profit 11.52%
Depreciation & Amortization $34.63M $28.40M $34.10M
YoY Change 1.56% -24.06% -7.59%
% of Gross Profit 7.48% 1.54% 7.72%
Operating Expenses $213.1M $1.815B $173.0M
YoY Change 23.19% -2.26% -21.08%
Operating Profit $250.0M $25.21M $268.9M
YoY Change -7.02% -93.35% -1084.98%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $227.0M $996.9M $259.6M
YoY Change -12.55% -27.91% -1047.45%
Income Tax $41.06M $169.7M $61.90M
% Of Pretax Income 18.09% 17.02% 23.84%
Net Earnings $104.1M $476.9M $112.3M
YoY Change -7.34% -26.54% -734.46%
Net Earnings / Revenue 14.75% 16.96% 16.6%
Basic Earnings Per Share $3.95
Diluted Earnings Per Share $924.3K $3.91 $909.3K
COMMON SHARES
Basic Shares Outstanding 117.3M shares
Diluted Shares Outstanding 118.4M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.071B $1.071B $890.0M
YoY Change 20.39% 20.44% 21.58%
Cash & Equivalents $1.071B $1.071B $889.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $1.173B $1.173B $1.898B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.245B $2.245B $2.788B
YoY Change -19.49% -19.49% 29.43%
LONG-TERM ASSETS
Property, Plant & Equipment $314.9M $314.9M $382.0M
YoY Change -17.56% -17.67% -11.37%
Goodwill $1.149B $1.149B
YoY Change 0.0% 0.0%
Intangibles $386.3M $454.5M
YoY Change -15.0% -14.19%
Long-Term Investments $5.726B $5.726B $4.564B
YoY Change 25.45% 25.47% -5.64%
Other Assets $208.0M $208.0M $311.0M
YoY Change -33.12% -33.01% 21.48%
Total Long-Term Assets $8.075B $8.075B $7.178B
YoY Change 12.5% 12.5% -3.72%
TOTAL ASSETS
Total Short-Term Assets $2.245B $2.245B $2.788B
Total Long-Term Assets $8.075B $8.075B $7.178B
Total Assets $10.32B $10.32B $9.966B
YoY Change 3.55% 3.55% 3.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $571.5M $571.5M $876.0M
YoY Change -34.76% -34.79% 5.93%
Accrued Expenses $278.7M $278.7M $315.0M
YoY Change -11.51% -11.59% -13.7%
Deferred Revenue
YoY Change
Short-Term Debt $61.50M $4.087B $64.69M
YoY Change -4.93% 677.07% -11.98%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.817B $4.817B $1.321B
YoY Change 264.62% 264.54% 13.39%
LONG-TERM LIABILITIES
Long-Term Debt $2.754B $2.754B $2.599B
YoY Change 5.96% 5.95% -26.39%
Other Long-Term Liabilities $314.3M $314.3M $3.314B
YoY Change -90.52% -90.52% 16.0%
Total Long-Term Liabilities $3.068B $3.068B $5.913B
YoY Change -48.11% -48.11% -7.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.817B $4.817B $1.321B
Total Long-Term Liabilities $3.068B $3.068B $5.913B
Total Liabilities $8.456B $8.771B $8.111B
YoY Change 4.26% 3.22% -3.22%
SHAREHOLDERS EQUITY
Retained Earnings $830.5M $422.4M
YoY Change 96.63% -567.37%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.549B $1.549B $1.469B
YoY Change
Total Liabilities & Shareholders Equity $10.32B $10.32B $9.966B
YoY Change 3.55% 3.55% 3.71%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $104.1M $476.9M $112.3M
YoY Change -7.34% -26.54% -734.46%
Depreciation, Depletion And Amortization $34.63M $28.40M $34.10M
YoY Change 1.56% -24.06% -7.59%
Cash From Operating Activities $797.1M $1.172B $577.3M
YoY Change 38.07% 10.44% 12.1%
INVESTING ACTIVITIES
Capital Expenditures -$13.59M $24.56M -$11.20M
YoY Change 21.34% -14.98% -25.83%
Acquisitions $0.00
YoY Change
Other Investing Activities -$8.319M $27.28M $5.200M
YoY Change -259.98% 162.0% -405.88%
Cash From Investing Activities -$21.91M -$87.35M -$6.000M
YoY Change 265.15% 3313.4% -64.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.454M
YoY Change
Debt Paid & Issued, Net $36.74M
YoY Change -87.27%
Cash From Financing Activities -407.5M -$957.9M -241.7M
YoY Change 68.61% 14.04% 88.53%
NET CHANGE
Cash From Operating Activities 797.1M $1.172B 577.3M
Cash From Investing Activities -21.91M -$87.35M -6.000M
Cash From Financing Activities -407.5M -$957.9M -241.7M
Net Change In Cash 367.7M $113.9M 329.6M
YoY Change 11.55% -51.25% -10.92%
FREE CASH FLOW
Cash From Operating Activities $797.1M $1.172B $577.3M
Capital Expenditures -$13.59M $24.56M -$11.20M
Free Cash Flow $810.7M $1.147B $588.5M
YoY Change 37.76% 11.15% 11.02%

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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1120953000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1007005000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
773280000 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
159864000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
173645000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
205433000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
134878000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
248532000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12273000 USD
CY2021 virt Non Cash Compensation To Developers Subject To Capitalization Of Software
NonCashCompensationToDevelopersSubjectToCapitalizationOfSoftware
17239000 USD
CY2020 virt Non Cash Compensation To Developers Subject To Capitalization Of Software
NonCashCompensationToDevelopersSubjectToCapitalizationOfSoftware
14773000 USD
CY2019 virt Non Cash Compensation To Developers Subject To Capitalization Of Software
NonCashCompensationToDevelopersSubjectToCapitalizationOfSoftware
2135000 USD
CY2021 virt Noncash Financing Activities Tax Receivable Agreement
NoncashFinancingActivitiesTaxReceivableAgreement
-311000 USD
CY2020 virt Noncash Financing Activities Tax Receivable Agreement
NoncashFinancingActivitiesTaxReceivableAgreement
1388000 USD
CY2019 virt Noncash Financing Activities Tax Receivable Agreement
NoncashFinancingActivitiesTaxReceivableAgreement
5811000 USD
CY2021Q4 virt Entity Number Of Financial Instruments
EntityNumberOfFinancialInstruments
25000 instrument
CY2021Q4 virt Entity Number Of Venues
EntityNumberOfVenues
235 venue
CY2021Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
36 country
CY2021Q4 virt Company Product Offerings Allowing Clients To Trade Number Of Countries
CompanyProductOfferingsAllowingClientsToTradeNumberOfCountries
50 country
CY2021Q4 virt Number Of Significant Acquisitions
NumberOfSignificantAcquisitions
2 acquisition
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021 virt Number Of Non Operating Segments
NumberOfNonOperatingSegments
1 segment
CY2019Q4 us-gaap Dividends Stock
DividendsStock
120500000 USD
CY2019 virt Dividend Distribution
DividendDistribution
363900000 USD
CY2020Q4 us-gaap Dividends Stock
DividendsStock
112400000 USD
CY2020 virt Dividend Distribution
DividendDistribution
99200000 USD
CY2021 us-gaap Use Of Estimates
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's consolidated financial statements are prepared in conformity with U.S. GAAP, which require management to make estimates and assumptions regarding measurements including the fair value of trading assets and liabilities, allowance for doubtful accounts, goodwill and intangibles, compensation accruals, capitalized software, income tax, tax receivable agreements, leases, litigation accruals, and other matters that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Accordingly, actual results could differ materially from those estimates.</span></div>
CY2021 virt Securities Borrowed And Securities Loaned Minimum Initial Collateral Advanced Or Received Expressed As Percentage Of Fair Value Of Underlying Securities Borrowed Or Loaned
SecuritiesBorrowedAndSecuritiesLoanedMinimumInitialCollateralAdvancedOrReceivedExpressedAsPercentageOfFairValueOfUnderlyingSecuritiesBorrowedOrLoaned
1.02
CY2021Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
996904000 USD
CY2019Q1 virt Advisory And Other Professional Fees
AdvisoryAndOtherProfessionalFees
15100000 USD
CY2021 virt Common Stock And Restricted Stock Units Number Of Days Preceding Grant Fair Value Is Based On
CommonStockAndRestrictedStockUnitsNumberOfDaysPrecedingGrantFairValueIsBasedOn
P3D
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-115982000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1382837000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
169670000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
261924000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-12277000 USD
CY2021 us-gaap Profit Loss
ProfitLoss
827234000 USD
CY2020 us-gaap Profit Loss
ProfitLoss
1120913000 USD
CY2019 us-gaap Profit Loss
ProfitLoss
-103705000 USD
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
350356000 USD
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
471716000 USD
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-45110000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
476878000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
649197000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-58595000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
476878000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
649197000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-58595000 USD
CY2021 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
13674000 USD
CY2020 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
17383000 USD
CY2021Q4 virt Tax Receivable Agreement Obligations
TaxReceivableAgreementObligations
259300000 USD
CY2020Q4 virt Tax Receivable Agreement Obligations
TaxReceivableAgreementObligations
271200000 USD
CY2019 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
1926000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
463204000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
631814000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-60521000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.95
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.19
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
463204000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
631814000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-60521000 USD
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.91
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.16
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2021 virt Tax Receivable Agreement Payments Percentage Of Cash Tax Savings
TaxReceivableAgreementPaymentsPercentageOfCashTaxSavings
0.85
CY2021 virt Tax Receivable Agreement Obligations Settlement Term
TaxReceivableAgreementObligationsSettlementTerm
P15Y
CY2021Q4 virt Tax Receivable Agreement Obligations Over Period Minimum Yearly Payment Range
TaxReceivableAgreementObligationsOverPeriodMinimumYearlyPaymentRange
400000 USD
CY2021Q4 virt Tax Receivable Agreement Obligations Over Period Maximum Yearly Payment Range
TaxReceivableAgreementObligationsOverPeriodMaximumYearlyPaymentRange
22000000 USD
CY2017Q1 virt First Payment Made Under Tax Receivable Agreement
FirstPaymentMadeUnderTaxReceivableAgreement
7000000 USD
CY2018Q3 virt First Payment Made Under Tax Receivable Agreement
FirstPaymentMadeUnderTaxReceivableAgreement
12400000 USD
CY2020Q1 virt First Payment Made Under Tax Receivable Agreement
FirstPaymentMadeUnderTaxReceivableAgreement
13300000 USD
CY2021Q2 virt First Payment Made Under Tax Receivable Agreement
FirstPaymentMadeUnderTaxReceivableAgreement
16500000 USD
CY2021 virt Tax Receivable Agreement Obligations Settlement Term
TaxReceivableAgreementObligationsSettlementTerm
P15Y
CY2019Q4 virt Tax Receivable Agreement Additional Deferred Tax Asset
TaxReceivableAgreementAdditionalDeferredTaxAsset
49100000 USD
CY2019Q4 virt Deferred Tax Asset Tax Receivable Agreement
DeferredTaxAssetTaxReceivableAgreement
54900000 USD
CY2019 virt Adjustments To Additional Paid In Capital Increase Decrease In Tax Receivable Agreement
AdjustmentsToAdditionalPaidInCapitalIncreaseDecreaseInTaxReceivableAgreement
-5800000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
180400000 USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
199100000 USD
CY2021 virt Tax Receivable Agreement Obligations Settlement Term
TaxReceivableAgreementObligationsSettlementTerm
P15Y
CY2021Q4 virt Tax Receivable Agreement Obligations
TaxReceivableAgreementObligations
259300000 USD
CY2020Q4 virt Tax Receivable Agreement Obligations
TaxReceivableAgreementObligations
271200000 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021 virt Number Of Non Operating Segments
NumberOfNonOperatingSegments
1 segment
CY2021Q4 us-gaap Goodwill
Goodwill
1148900000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1148900000 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
CY2021Q4 us-gaap Goodwill
Goodwill
1148926000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
1148926000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
386300000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
454500000 USD
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
639493000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
253161000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
386332000 USD
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
637993000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
183494000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
454499000 USD
CY2021Q4 virt Net Equity With Futures Commission Merchant Assets
NetEquityWithFuturesCommissionMerchantAssets
98302000 USD
CY2020Q4 virt Net Equity With Futures Commission Merchant Assets
NetEquityWithFuturesCommissionMerchantAssets
248943000 USD
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
74300000 USD
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
69700000 USD
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
70600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
64822000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
63960000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50845000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
47879000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
47879000 USD
CY2021 us-gaap Due To And From Broker Dealers And Clearing Organizations Disclosure
DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure
Receivables from/Payables to Broker-Dealers and Clearing Organizations<div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The following is a summary of receivables from and payables to brokers-dealers and clearing organizations at December 31, 2021 and December 31, 2020:</span></div><div style="margin-bottom:1pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.321%"><tr><td style="width:1.0%"/><td style="width:63.930%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.617%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.566%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:15.621%"/><td style="width:0.1%"/></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(in thousands)</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2021</span></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">December 31, 2020</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Assets</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Due from prime brokers</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">287,990 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">697,293 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Deposits with clearing organizations</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">161,928 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">216,962 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net equity with futures commission merchants</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">98,302 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">248,943 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Unsettled trades with clearing organizations</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">164,195 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">118,777 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securities failed to deliver</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">290,207 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">372,965 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Commissions and fees</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">24,184 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">29,066 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total receivables from broker-dealers and clearing organizations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,026,807 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,684,006 </span></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="3" style="background-color:#cceeff;border-top:3pt double #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Liabilities</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Due to prime brokers</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">497,972 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">410,772 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Net equity with futures commission merchants (1)</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">(57,226)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">77,257 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Unsettled trades with clearing organizations</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">828 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">228,070 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Securities failed to receive</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">128,392 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">156,804 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Commissions and fees</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">1,560 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#cceeff;padding:0 1pt"/><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">3,543 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 12.25pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Total payables to broker-dealers and clearing organizations</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">571,526 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:100%">876,446 </span></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:18pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(1)   The Company presents its balances, including outstanding principal balances on all broker credit facilities, on a net-by-counterparty basis within receivables from and payables to broker-dealers and clearing organizations when the criteria for offsetting are met</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="padding-left:18pt;text-indent:-18pt"><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Included as a deduction from “Due from prime brokers” and “Net equity with futures commission merchants” is the outstanding principal balance on all of the Company’s prime brokerage credit facilities (described in Note 10 "Borrowings") of approximately $177.1 million and $134.7 million as of December 31, 2021 and December 31, 2020, respectively. The loan proceeds from the credit facilities are available only to meet the initial margin requirements associated with the Company’s ordinary course futures and other trading positions, which are held in the Company’s trading accounts with an affiliate of the respective financial institutions. The credit facilities are fully collateralized by the Company’s trading accounts and deposit accounts with these financial institutions. “Securities failed to deliver” and “Securities failed to receive” include amounts with a clearing organization and other broker-dealers.</span></div>
CY2021Q4 us-gaap Due From Correspondent Brokers
DueFromCorrespondentBrokers
287990000 USD
CY2020Q4 us-gaap Due From Correspondent Brokers
DueFromCorrespondentBrokers
697293000 USD
CY2021Q4 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
161928000 USD
CY2020Q4 us-gaap Receivables From Clearing Organizations
ReceivablesFromClearingOrganizations
216962000 USD
CY2021Q4 virt Unsettled Trade Assets
UnsettledTradeAssets
164195000 USD
CY2020Q4 virt Unsettled Trade Assets
UnsettledTradeAssets
118777000 USD
CY2021Q4 us-gaap Securities Failed To Deliver
SecuritiesFailedToDeliver
290207000 USD
CY2020Q4 us-gaap Securities Failed To Deliver
SecuritiesFailedToDeliver
372965000 USD
CY2021Q4 us-gaap Commissions And Floor Brokerage Receivables
CommissionsAndFloorBrokerageReceivables
24184000 USD
CY2020Q4 us-gaap Commissions And Floor Brokerage Receivables
CommissionsAndFloorBrokerageReceivables
29066000 USD
CY2021Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
1026807000 USD
CY2020Q4 us-gaap Receivables From Brokers Dealers And Clearing Organizations
ReceivablesFromBrokersDealersAndClearingOrganizations
1684006000 USD
CY2021Q4 us-gaap Due To Correspondent Brokers
DueToCorrespondentBrokers
497972000 USD
CY2020Q4 us-gaap Due To Correspondent Brokers
DueToCorrespondentBrokers
410772000 USD
CY2021Q4 virt Net Equity With Futures Commission Merchant Liabilities
NetEquityWithFuturesCommissionMerchantLiabilities
-57226000 USD
CY2020Q4 virt Net Equity With Futures Commission Merchant Liabilities
NetEquityWithFuturesCommissionMerchantLiabilities
77257000 USD
CY2021Q4 virt Unsettled Trade Liabilities
UnsettledTradeLiabilities
828000 USD
CY2020Q4 virt Unsettled Trade Liabilities
UnsettledTradeLiabilities
228070000 USD
CY2021Q4 us-gaap Securities Failed To Receive
SecuritiesFailedToReceive
128392000 USD
CY2020Q4 us-gaap Securities Failed To Receive
SecuritiesFailedToReceive
156804000 USD
CY2021Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
1560000 USD
CY2020Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
3543000 USD
CY2021Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
571526000 USD
CY2020Q4 srt Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
876446000 USD
CY2021Q4 virt Short Term Credit Facilities
ShortTermCreditFacilities
177100000 USD
CY2020Q4 virt Short Term Credit Facilities
ShortTermCreditFacilities
134700000 USD
CY2021Q4 virt Securities Borrowed At Market Value
SecuritiesBorrowedAtMarketValue
1299270000 USD
CY2020Q4 virt Securities Borrowed At Market Value
SecuritiesBorrowedAtMarketValue
1374266000 USD
CY2021Q4 us-gaap Federal Funds Sold And Securities Purchased Under Agreements To Resell Pledged As Collateral
FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellPledgedAsCollateral
119453000 USD
CY2020Q4 us-gaap Federal Funds Sold And Securities Purchased Under Agreements To Resell Pledged As Collateral
FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResellPledgedAsCollateral
22866000 USD
CY2021Q4 us-gaap Collateralized Agreements
CollateralizedAgreements
1418723000 USD
CY2020Q4 us-gaap Collateralized Agreements
CollateralizedAgreements
1397132000 USD
CY2021Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
1017960000 USD
CY2020Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
746539000 USD
CY2021Q4 virt Short Term Debt Gross
ShortTermDebtGross
63046000 USD
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1546000 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
61500000 USD
CY2020Q4 virt Short Term Debt Gross
ShortTermDebtGross
65073000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
387000 USD
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
64686000 USD
CY2021Q4 virt Number Of Borrowing Bases
NumberOfBorrowingBases
2 borrowing_base
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
5000000.0 USD
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.042
CY2020Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
28700000 USD
CY2020Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.024
CY2020Q1 us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.0050
CY2019Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.043
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
30722000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1599774000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1630496000 USD
CY2021 virt Financial Instruments Owned And Not Pledged At Fair Value Counter Party And Cash Collateral Netting
FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting
206125000 USD
CY2021Q4 us-gaap Financial Instruments Owned And Not Pledged At Fair Value
FinancialInstrumentsOwnedAndNotPledgedAtFairValue
3238995000 USD
CY2021Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
1017960000 USD
CY2021Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
84378000 USD
CY2021 virt Financial Instruments Sold Not Yet Purchased At Fair Value Counter Party And Cash Collateral Netting
FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting
208356000 USD
CY2021Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
3510779000 USD
CY2020 virt Financial Instruments Owned And Not Pledged At Fair Value Counter Party And Cash Collateral Netting
FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting
291964000 USD
CY2020Q4 us-gaap Financial Instruments Owned And Not Pledged At Fair Value
FinancialInstrumentsOwnedAndNotPledgedAtFairValue
2369192000 USD
CY2020Q4 us-gaap Financial Instruments Owned And Pledged As Collateral At Fair Value
FinancialInstrumentsOwnedAndPledgedAsCollateralAtFairValue
746539000 USD
CY2020Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
68316000 USD
CY2020 virt Financial Instruments Sold Not Yet Purchased At Fair Value Counter Party And Cash Collateral Netting
FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting
292870000 USD
CY2020Q4 us-gaap Financial Instruments Sold Not Yet Purchased At Fair Value
FinancialInstrumentsSoldNotYetPurchasedAtFairValue
2923708000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
81358000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
66030000 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
66030000 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
15328000 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2021 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
0 USD
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
81358000 USD
CY2021 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
15328000 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
46245000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
0 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
19785000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
0 USD
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 USD
CY2021Q4 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 USD
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
66030000 USD
CY2020 us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
19785000 USD
CY2021Q4 us-gaap Securities Borrowed Gross
SecuritiesBorrowedGross
1349322000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 USD
CY2021Q4 us-gaap Securities Borrowed
SecuritiesBorrowed
1349322000 USD
CY2021Q4 virt Securities Borrowed Not Offset Financial Instruments
SecuritiesBorrowedNotOffsetFinancialInstruments
1299270000 USD
CY2021Q4 us-gaap Securities Borrowed Collateral Obligation To Return Cash
SecuritiesBorrowedCollateralObligationToReturnCash
5054000 USD
CY2021Q4 virt Securities Borrowed Net
SecuritiesBorrowedNet
44998000 USD
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Gross
SecuritiesPurchasedUnderAgreementsToResellGross
119453000 USD
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Liability
SecuritiesPurchasedUnderAgreementsToResellLiability
0 USD
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell
SecuritiesPurchasedUnderAgreementsToResell
119453000 USD
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Securities
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnSecurities
119453000 USD
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Collateral Obligation To Return Cash
SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash
0 USD
CY2021Q4 us-gaap Securities Purchased Under Agreements To Resell Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
SecuritiesPurchasedUnderAgreementsToResellOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
0 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Gross
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedGross
1683576000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Liability
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedLiability
206125000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowed
1477451000 USD
CY2021Q4 virt Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Not Offset Financial Instruments
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetFinancialInstruments
1418723000 USD
CY2021Q4 us-gaap Derivative Asset Securities Purchased Under Agreements To Resell Securities Borrowed Collateral Obligation To Return Cash
DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedCollateralObligationToReturnCash
10262000 USD
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CY2020Q4 us-gaap Securities Purchased Under Agreements To Resell
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CY2021Q4 virt Securities Lending Transaction Remaining Contractual Maturity
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CY2020 us-gaap Revenues
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CY2020 us-gaap Revenues
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CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020Q4 us-gaap Finance Lease Right Of Use Asset
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CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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CY2019 us-gaap Sublease Income
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FinanceLeaseInterestExpense
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CashAndCashEquivalentsAtCarryingValue
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RestrictedCash
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CY2021 us-gaap Capitalized Computer Software Additions
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CY2021Q4 us-gaap Due From Affiliates
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600000 USD

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