REVENUE RECOGNITION (Tables)

9 Months Ended

Sep. 30, 2019

REVENUE RECOGNITION

Schedule of disaggregation of revenue

											Corporate
			U.S.				European		Global		Items and
	Options		Equities		Futures		Equities		FX		Eliminations		Total
Three Months Ended September 30, 2019
Transaction fees	$	207.1	$	199.4	$	31.2	$	16.9	$	11.2	$	—	$	465.8
Access and capacity fees		26.0		20.1		4.0		3.9		1.7		—		55.7
Market data fees		13.8		37.7		1.6		3.0		0.2		—		56.3
Regulatory fees		15.9		72.2		—		—		—		—		88.1
Other revenue		3.3		1.3		2.8		2.1		—		—		9.5
	$	266.1	$	330.7	$	39.6	$	25.9	$	13.1	$	—	$	675.4
Timing of revenue recognition
Services transferred at a point in time	$	226.3	$	272.9	$	34.0	$	19.0	$	11.2	$	—	$	563.4
Services transferred over time		39.8		57.8		5.6		6.9		1.9		—		112.0
	$	266.1	$	330.7	$	39.6	$	25.9	$	13.1	$	—	$	675.4
Three Months Ended September 30, 2018
Transaction fees	$	175.2	$	176.7	$	25.7	$	22.4	$	11.8	$	—	$	411.8
Access and capacity fees		25.1		19.5		3.8		3.6		1.6		—		53.6
Market data fees		10.6		32.0		1.7		3.1		0.2		—		47.6
Regulatory fees		12.6		42.6		—		—		—		—		55.2
Other revenue		5.1		1.1		—		1.5		—		—		7.7
	$	228.6	$	271.9	$	31.2	$	30.6	$	13.6	$	—	$	575.9
Timing of revenue recognition
Services transferred at a point in time	$	192.9	$	220.4	$	25.7	$	23.9	$	11.8	$	—	$	474.7
Services transferred over time		35.7		51.5		5.5		6.7		1.8		—		101.2
	$	228.6	$	271.9	$	31.2	$	30.6	$	13.6	$	—	$	575.9

											Corporate
			U.S.				European		Global		Items and
	Options		Equities		Futures		Equities		FX		Eliminations		Total
Nine Months Ended September 30, 2019
Transaction fees	$	565.7	$	580.3	$	84.1	$	57.5	$	34.4	$	—	$	1,322.0
Access and capacity fees		77.6		58.7		11.5		11.8		5.0		—		164.6
Market data fees		41.5		103.4		4.9		9.4		0.5		—		159.7
Regulatory fees		47.1		178.9		0.5		—		—		—		226.5
Other revenue		11.3		3.9		2.9		6.2		0.2		0.2		24.7
	$	743.2	$	925.2	$	103.9	$	84.9	$	40.1	$	0.2	$	1,897.5
Timing of revenue recognition
Services transferred at a point in time	$	624.1	$	763.1	$	87.5	$	63.7	$	34.6	$	0.2	$	1,573.2
Services transferred over time		119.1		162.1		16.4		21.2		5.5		—		324.3
	$	743.2	$	925.2	$	103.9	$	84.9	$	40.1	$	0.2	$	1,897.5
Nine Months Ended September 30, 2018
Transaction fees	$	600.0	$	622.4	$	91.4	$	72.3	$	37.6	$	—	$	1,423.7
Access and capacity fees		73.1		56.3		11.3		11.0		4.7		—		156.4
Market data fees		32.0		107.1		4.9		9.9		0.4		—		154.3
Regulatory fees		45.9		214.8		0.1		—		—		—		260.8
Other revenue		15.8		5.0		—		4.7		—		0.4		25.9
	$	766.8	$	1,005.6	$	107.7	$	97.9	$	42.7	$	0.4	$	2,021.1
Timing of revenue recognition
Services transferred at a point in time	$	661.7	$	842.2	$	91.5	$	77.0	$	37.6	$	0.4	$	1,710.4
Services transferred over time		105.1		163.4		16.2		20.9		5.1		—		310.7
	$	766.8	$	1,005.6	$	107.7	$	97.9	$	42.7	$	0.4	$	2,021.1

Schedule of revenue recognized from contract liabilities and the remaining balance

The revenue recognized from contract liabilities and the remaining balance is shown below (in millions):