Revenue From Contracts With Customers (Tables)

9 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

The following tables summarize the disaggregation of revenue by major product and service and by segment for the three and nine months ended September 30, 2020 and 2019:


	Three Months Ended September 30, 2020
	Market Services		Corporate Services		Information Services		Market Technology		Consolidated
	(in millions)
Transaction-based trading and clearing, net	$	183	$	—	$	—	$	—	$	183
Trade management services	76		—		—		—		76
Listing services	—		79		—		—		79
Corporate solutions	—		53		—		—		53
Market data	—		—		107		—		107
Index	—		—		86		—		86
Investment data & analytics	—		—		45		—		45
Market technology	—		—		—		86		86
Revenues less transaction-based expenses	$	259	$	132	$	238	$	86	$	715


	Three Months Ended September 30, 2019
	Market Services		Corporate Services		Information Services		Market Technology		Consolidated
	(in millions)
Transaction-based trading and clearing, net	$	154	$	—	$	—	$	—	$	154
Trade management services	72		—		—		—		72
Listing services	—		74		—		—		74
Corporate solutions	—		50		—		—		50
Market data	—		—		102		—		102
Index	—		—		56		—		56
Investment data & analytics	—		—		40		—		40
Market technology	—		—		—		84		84
Revenues less transaction-based expenses	$	226	$	124	$	198	$	84	$	632


	Nine Months Ended September 30, 2020
	Market Services		Corporate Services		Information Services		Market Technology		Consolidated
	(in millions)
Transaction-based trading and clearing, net	$	596	$	—	$	—	$	—	$	596
Trade management services	221		—		—		—		221
Listing services	—		228		—		—		228
Corporate solutions	—		158		—		—		158
Market data	—		—		305		—		305
Index	—		—		227		—		227
Investment data & analytics	—		—		129		—		129
Market technology	—		—		—		251		251
Revenues less transaction-based expenses	$	817	$	386	$	661	$	251	$	2,115


	Nine Months Ended September 30, 2019
	Market Services		Corporate Services		Information Services		Market Technology		Other Revenues		Consolidated
	(in millions)
Transaction-based trading and clearing, net	$	468	$	—	$	—	$	—	$	—	$	468
Trade management services	219		—		—		—		—		219
Listing services	—		219		—		—		—		219
Corporate solutions	—		149		—		—		—		149
Market data	—		—		302		—		—		302
Index	—		—		166		—		—		166
Investment data & analytics	—		—		117		—		—		117
Market technology	—		—		—		239		—		239
Other revenues	—		—		—		—		10		10
Revenues less transaction-based expenses	$	687	$	368	$	585	$	239	$	10	$	1,889

Remaining Performance Obligation

For our market technology contracts, the following table summarizes the amount of the transaction price allocated to performance obligations that are unsatisfied as of September 30, 2020:


	(in millions)
2020(1)	$	80
2021	295
2022	175
2023	80
2024	60
2025 and thereafter	140
Total	$	830

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(1) Represents performance obligations to be recognized over the remaining three months of 2020.