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Subsequent Events
9 Months Ended
Sep. 30, 2023
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

In October 2023, the Company acquired all of the outstanding ownership interests of Pragma LLC and Pragma Financial Systems LLC (collectively “Pragma”). Pragma is a quantitative trading technology provider specializing in algorithmic and analytical services. Pragma LLC is a registered broker-dealer. The purchase consideration, after giving effect to adjustments in the purchase agreement, was approximately $128.6 million, consisting of approximately $80.4 million of cash and 216,173 shares of the Company’s common stock, valued at approximately $48.2 million on the closing date.