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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities:    
Net income $ 11,416 $ 79,355
Adjustments to reconcile net income to cash provided by operating activities    
Loss on foreign currency exchange rates 345 326
Depreciation and amortization 5,556 1,649
Change in fair value of contingent liability 6  
Deferred taxes (855) (2,611)
Amortization of deferred financing costs 44 44
Interest income 60 (19)
Bad debt provision 603 355
Loss on disposal of fixed assets 3 37
Stock compensation expense 2,393 3,198
Change in fair value of convertible, redeemable preferred stock embedded derivative   (60,283)
Changes in operating assets and liabilities:    
Short term investments (7)  
Trading securities 20,000 5,007
Receivables from brokers (2,359) (5,620)
Prepaid assets (543) 195
Other assets 3,882 3,475
Payables to customers 28,907 14,512
Accrued compensation and benefits (2,653) (1,062)
Payables to brokers, dealers, FCMs and other regulated entities 4,579 1,653
Accrued expenses and other liabilities 334 (665)
Income tax payable (2,075) 8,501
Cash provided by operating activities 69,636 48,047
Cash Flows from Investing Activities:    
Purchases of property and equipment (1,862) (2,676)
Purchase of subsidiary shares from noncontrolling interest   (427)
Purchase of intangible assets (2,547)  
Cash used for investing activities (4,409) (3,103)
Cash Flows from Financing Activities:    
Deferred initial public offering costs   (73)
Payment on notes payable (5,250) (5,250)
Proceeds from exercise of stock options 378 21
Treasury stock purchases (125)  
Proceeds from exercise of warrants 1,270  
Cash used for financing activities (3,727) (5,302)
Effect of exchange rate changes on cash and cash equivalents 371 4,911
Increase in cash and cash equivalents 61,871 44,553
Cash and cash equivalents - beginning of period 284,210 222,524
Cash and cash equivalents - end of period 346,081 267,077
Cash paid during the year for:    
Interest 678 1,050
Taxes 4,925 1,704
Non-cash investing activities:    
Purchase of fixed assets in accrued expense and other liabilities 53 65
Contingent liability for purchased intangibles acquisition $ 7,154