Segment and Geographic Information

3 Months Ended

Mar. 31, 2019

13. Segment and Geographic Information

The Company operates an electronic platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company considers its operations to constitute a single business segment because of the highly integrated nature of these product and services, the financial markets in which the Company competes and 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 three months ended March 31, 2019 and 2018, the U.K. was the only individual foreign country in which the Company had 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 a 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 months ended March 31, 2019 and 2018 and long-lived assets as of March 31, 2019 and December 31, 2018 was as follows:

	Three Months Ended March 31,
	2019		2018
	(In thousands)
Revenues
United States	$	103,615	$	96,451
United Kingdom		20,267		17,751
Other		609		512
Total	$	124,491	$	114,714

	As of
	March 31, 2019		December 31, 2018
	(In thousands)
Long-lived assets, as defined
United States	$	53,518	$	55,200
United Kingdom		7,508		7,787
Other		21		23
Total	$	61,047	$	63,010