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Segment and Geographic Information
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment and Geographic Information

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 nine months ended September 30, 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 and nine months ended September 30, 2019 and 2018 and long-lived assets as of September 30, 2019 and December 31, 2018 was as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

(In thousands)

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

$

109,526

 

 

$

85,110

 

 

$

317,282

 

 

$

271,833

 

United Kingdom

 

21,417

 

 

 

15,882

 

 

 

62,390

 

 

 

49,828

 

Other

 

654

 

 

 

451

 

 

 

1,906

 

 

 

1,460

 

Total

$

131,597

 

 

$

101,443

 

 

$

381,578

 

 

$

323,121

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

September 30, 2019

 

 

December 31, 2018

 

 

(In thousands)

 

Long-lived assets, as defined

 

 

 

 

 

 

 

United States

$

59,146

 

 

$

55,200

 

United Kingdom

 

7,355

 

 

 

7,787

 

Other

 

30

 

 

 

23

 

Total

$

66,531

 

 

$

63,010