XML 52 R34.htm IDEA: XBRL DOCUMENT v3.20.1
REVENUE RECOGNITION (Tables)
3 Months Ended
Mar. 31, 2020
REVENUE RECOGNITION  
Schedule of disaggregation of revenue

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U.S.

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European

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Global

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Options

    

 Equities 

    

Futures

    

Equities

    

FX

    

     Total     

Three Months Ended March 31, 2020

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Transaction fees

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$

284.2

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$

304.0

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$

35.9

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$

22.3

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$

15.1

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$

661.5

Access and capacity fees

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27.2

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20.0

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4.0

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4.9

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1.6

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57.7

Market data fees

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17.2

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34.0

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1.6

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3.2

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0.2

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56.2

Regulatory fees

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22.3

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114.5

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136.8

Other revenue

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5.6

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1.2

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2.5

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9.3

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$

356.5

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$

473.7

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$

41.5

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$

32.9

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$

16.9

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$

921.5

Timing of revenue recognition

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Services transferred at a point in time

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$

312.1

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$

419.7

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$

35.9

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$

24.8

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$

15.1

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$

807.6

Services transferred over time

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44.4

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54.0

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5.6

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8.1

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1.8

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113.9

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$

356.5

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$

473.7

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$

41.5

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$

32.9

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$

16.9

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$

921.5

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Three Months Ended March 31, 2019

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Transaction fees

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$

173.8

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$

198.9

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$

24.6

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$

21.1

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$

12.0

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$

430.4

Access and capacity fees

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26.0

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19.0

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3.7

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4.0

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1.7

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54.4

Market data fees

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13.7

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32.9

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1.7

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3.2

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0.1

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51.6

Regulatory fees

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14.5

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43.7

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0.5

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58.7

Other revenue

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4.1

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1.3

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2.0

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0.1

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7.5

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$

232.1

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$

295.8

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$

30.5

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$

30.3

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$

13.9

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$

602.6

Timing of revenue recognition

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Services transferred at a point in time

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$

192.4

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$

243.9

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$

25.1

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$

23.1

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$

12.1

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$

496.6

Services transferred over time

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39.7

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51.9

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5.4

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7.2

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1.8

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106.0

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$

232.1

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$

295.8

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$

30.5

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$

30.3

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$

13.9

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$

602.6

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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):

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Balance at January 1, 2020

    

Cash
Additions

    

Revenue
Recognition

    

Balance at
March 31, 2020

Liquidity provider sliding scale (1)

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$

—

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$

9.6

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$

(2.4)

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$

7.2

Other, net

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4.5

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13.2

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(7.6)

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10.1

Total deferred revenue

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$

4.5

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$

22.8

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$

(10.0)

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$

17.3

(1)Liquidity providers are eligible to participate in the sliding scale program, which involves prepayment of transaction fees, and to receive reduced fees based on the achievement of certain volume thresholds within a calendar month. These transaction fees are amortized and recorded ratably as the transactions occur over the period.