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Segment, Geographic and Product Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment, Geographic and Product Information

23.

Segment, Geographic and Product Information

Segment Information

The Company currently operates its business in one reportable segment, that of providing brokerage services to the financial markets, integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (rates and credit), foreign exchange, equities, insurance, energy and commodities, and futures. It also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a broad range of financial and non-financial institutions.

Geographic Information

The Company offers products and services in the U.K., U.S., Asia (including Australia), Other Europe, the MEA, France, and Other Americas. Information regarding revenues for the years ended December 31, 2019, 2018 and 2017, respectively, is as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

U.K.

 

$

864,955

 

 

$

811,542

 

 

$

716,167

 

U.S.

 

 

564,037

 

 

 

544,887

 

 

 

514,704

 

Asia

 

 

331,328

 

 

 

278,141

 

 

 

244,855

 

Other Europe/MEA

 

 

202,144

 

 

 

170,561

 

 

 

135,554

 

France

 

 

83,664

 

 

 

77,992

 

 

 

85,729

 

Other Americas

 

 

58,103

 

 

 

54,687

 

 

 

53,942

 

Total revenues

 

$

2,104,231

 

 

$

1,937,810

 

 

$

1,750,951

 

 

Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; ROU assets; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas as of December 31, 2019 and December 31, 2018, respectively, is as follows (in thousands):

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Long-lived assets:

 

 

 

 

 

 

 

 

U.K.

 

$

595,571

 

 

$

367,681

 

U.S.

 

 

766,315

 

 

 

719,914

 

Asia

 

 

122,564

 

 

 

57,626

 

Other Europe/MEA

 

 

38,994

 

 

 

23,917

 

France

 

 

21,877

 

 

 

12,294

 

Other Americas

 

 

19,595

 

 

 

18,637

 

Total long-lived assets

 

$

1,564,916

 

 

$

1,200,069

 

 

Product Information

The Company’s business is based on the products and services provided and reflect the manner in which financial information is evaluated by management.

The Company specializes in the brokerage of a broad range of products, including fixed income (rates and credit), foreign exchange, equities, insurance, energy and commodities, and other asset classes. It also provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, consulting, and other back-office services to a broad range of financial and non-financial institutions.

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Rates

 

$

594,884

 

 

$

549,825

 

 

$

510,880

 

Credit

 

 

306,713

 

 

 

292,171

 

 

 

284,551

 

FX

 

 

370,318

 

 

 

396,256

 

 

 

324,386

 

Energy and commodities

 

 

286,584

 

 

 

228,199

 

 

 

204,016

 

Equities, insurance, and other asset classes

 

 

409,242

 

 

 

358,124

 

 

 

328,406

 

Total brokerage revenues

 

$

1,967,741

 

 

$

1,824,575

 

 

$

1,652,239

 

All other revenue

 

 

136,490

 

 

 

113,235

 

 

 

98,712

 

Total revenues

 

$

2,104,231

 

 

$

1,937,810

 

 

$

1,750,951