Segment, Geographic and Product Information

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segment, Geographic and Product Information

Segment, Geographic and Product Information

Segment Information

The Company currently operates in one reportable segment, brokerage services. We provide or have provided brokerage services to the financial markets, through integrated Voice, Hybrid and Fully Electronic brokerage in a broad range of products, including fixed income (Rates and Credit), FX, Equities, Energy and Commodities, and Futures and Options. On November 1, 2021, we sold our Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures"). It also provides a wide range of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, consulting, 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, MEA, France, and Other Americas. Information regarding revenues is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenues:
U.K.	$	149,281	$	193,704	$	488,739	$	646,496
U.S.	126,917		120,161		407,696		393,480
Asia	65,761		75,049		207,046		233,416
Other Europe/MEA	36,695		47,282		130,643		156,053
France	20,218		22,159		73,825		77,439
Other Americas	17,695		15,392		50,838		46,889
Total revenues	$	416,567	$	473,747	$	1,358,787	$	1,553,773

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 is as follows (in thousands):

	September 30, 2022		December 31, 2021
Long-lived assets:
U.S.	$	782,694	$	771,696
U.K.	380,126		412,767
Asia	77,009		73,779
Other Europe/MEA	53,109		47,888
Other Americas	17,327		16,032
France	12,575		16,996
Total long-lived assets	$	1,322,840	$	1,339,158

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), FX, Equities, Energy and Commodities, and Futures and Options. On November 1, 2021, we sold our Insurance brokerage business to The Ardonagh Group (see Note 5—"Divestitures"). 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.

Product information regarding revenues is as follows (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Revenues:
Rates	$	129,971	$	128,508	$	425,909	$	426,775
FX	73,481		72,976		227,853		229,216
Energy and commodities	68,975		74,328		218,057		224,931
Credit	58,187		58,983		203,352		221,639
Equities	48,384		54,715		173,803		186,002
Insurance1	—		51,503		—		158,198
Total brokerage revenues	$	378,998	$	441,013	$	1,248,974	$	1,446,761
All other revenues	37,569		32,734		109,813		107,012
Total revenues	$	416,567	$	473,747	$	1,358,787	$	1,553,773

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1On November 1, 2021, we sold our Insurance Brokerage business to The Ardonagh Group (see Note 5—"Divestitures")