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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenues    
Commissions $ 67,018us-gaap_FeesAndCommissions $ 51,989us-gaap_FeesAndCommissions
Information and post-trade services 7,679mktx_InformationAndPostTradeServicesRevenue 8,079mktx_InformationAndPostTradeServicesRevenue
Technology products and services 1,420us-gaap_TechnologyServicesRevenue 2,036us-gaap_TechnologyServicesRevenue
Investment income 183us-gaap_NetInvestmentIncome 146us-gaap_NetInvestmentIncome
Other 471us-gaap_OtherIncome 1,148us-gaap_OtherIncome
Total revenues 76,771us-gaap_Revenues 63,398us-gaap_Revenues
Expenses    
Employee compensation and benefits 21,174us-gaap_LaborAndRelatedExpense 18,609us-gaap_LaborAndRelatedExpense
Depreciation and amortization 4,612us-gaap_DepreciationAndAmortization 4,121us-gaap_DepreciationAndAmortization
Technology and communications 4,338us-gaap_CommunicationsAndInformationTechnology 4,492us-gaap_CommunicationsAndInformationTechnology
Professional and consulting fees 3,282us-gaap_ProfessionalFees 3,972us-gaap_ProfessionalFees
Occupancy 992us-gaap_OccupancyNet 1,089us-gaap_OccupancyNet
Marketing and advertising 1,192us-gaap_MarketingAndAdvertisingExpense 1,209us-gaap_MarketingAndAdvertisingExpense
General and administrative 2,679us-gaap_GeneralAndAdministrativeExpense 2,198us-gaap_GeneralAndAdministrativeExpense
Total expenses 38,269us-gaap_OperatingCostsAndExpenses 35,690us-gaap_OperatingCostsAndExpenses
Income before income taxes 38,502us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 27,708us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Provision for income taxes 13,909us-gaap_IncomeTaxExpenseBenefit 10,233us-gaap_IncomeTaxExpenseBenefit
Net income $ 24,593us-gaap_NetIncomeLoss $ 17,475us-gaap_NetIncomeLoss
Net income per common share    
Basic $ 0.67us-gaap_EarningsPerShareBasic $ 0.47us-gaap_EarningsPerShareBasic
Diluted $ 0.65us-gaap_EarningsPerShareDiluted $ 0.46us-gaap_EarningsPerShareDiluted
Cash dividends declared per common share $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.16us-gaap_CommonStockDividendsPerShareDeclared
Weighted average shares outstanding    
Basic 36,706us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 37,121us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 37,626us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 38,096us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding