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Clearing Operations (Narrative) (Details)
6 Months Ended
Jun. 30, 2026
USD ($)
TWh
contract
Jun. 30, 2025
USD ($)
TWh
contract
Dec. 31, 2025
USD ($)
Clearing Operations [Line Items]      
Default fund contributions and margin deposits $ 7,885,000,000    
Payment for default funds and margin deposits 71,751,000,000 $ 45,490,000,000  
Proceeds from default funds and margin deposits 72,291,000,000 $ 45,115,000,000  
Liability due to market default $ 0    
Total volume in cleared power, in Terawatt hours (TWh) | TWh 117 272  
Total number of derivative contracts cleared (in contracts) | contract 38,348,146 37,870,236  
Liability Waterfall      
Clearing Operations [Line Items]      
Junior capital, cash deposits and pledged assets $ 20,000,000    
Senior capital, cash deposits and pledged assets 24,000,000    
Committed capital 87,000,000    
Nasdaq Clearing Members Cash Contributions      
Clearing Operations [Line Items]      
Default fund contributions and margin deposits 2,323,000,000   $ 5,842,000,000
Restricted cash and cash equivalents      
Clearing Operations [Line Items]      
Gain (loss) currency translation adjustment (59,000,000)    
Investments      
Clearing Operations [Line Items]      
Gain (loss) currency translation adjustment $ (113,000,000)    
Minimum      
Clearing Operations [Line Items]      
Reverse purchase agreements, maturity range 1 day    
Maximum      
Clearing Operations [Line Items]      
Reverse purchase agreements, maturity range 8 days    
Nasdaq Clearing      
Clearing Operations [Line Items]      
Committed capital $ 131,000,000    
Power of assessment of the clearing member's contribution to the financial markets and commodities markets default funds (as a percent) 230.00%    
Contract value of resale and repurchase agreements $ 1,200,000,000 $ 800,000,000  
Total number of derivative contracts cleared (in contracts) | contract 1,271,156 1,606,945