Segment and Geographic Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment and Geographic Information

16. Segment and Geographic Information

The Company operates an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s operations constitute a single business segment because of the highly integrated nature of these product and services, of the financial markets in which the Company competes and of the Company’s worldwide business activities. The Company believes that results by geographic region or client sector are not necessarily meaningful in understanding its business.

For the years ended December 31, 2014 and 2013, the U.K. is the only individual foreign country in which we have a subsidiary that accounted for 10% or more of the total revenues or total long-lived assets of the Company.  Revenues and long-lived assets are attributed to geographic area based on the location of the particular subsidiary. Long-lived assets are defined as furniture, equipment, leasehold improvements and capitalized software. Information regarding revenue for the three years ended December 31, 2014 and long-lived assets as of December 31, 2014 and 2013 follows:

	Year Ended December 31,
	2014		2013		2012
	(In thousands)
Revenues
United States	$	223,741	$	207,519	$	177,280
United Kingdom		38,189		30,722		13,344
Other		844		492		216
Total	$	262,774	$	238,733	$	190,840

	As of December 31,
	2014		2013
	(In thousands)
Long-lived assets, as defined
United States	$	23,099	$	24,382
United Kingdom		9,057		8,305
Other		29		17
Total	$	32,185	$	32,703