Related Party Transactions

12 Months Ended

Dec. 31, 2015

Related Party Transactions

Related Party Transactions

18. Related Party Transactions

As of December 31, 2015, and December 31, 2014, the Company had a payable of $0.2 million and $0.4 million to its affiliates, respectively.

In the ordinary course of business, the Company purchases and leases computer equipment and maintenance and support from affiliates of Dell Inc. (“Dell”). Silver Lake and its affiliates have a significant ownership interest in Dell. During the years ended December 31, 2015, 2014, and 2013, the Company paid $3.5 million, $1.0 million, and $1.4 million, respectively, to Dell for these purchases and leases.

Similarly, in the ordinary course of business, the Company purchases market data and related services from Interactive Data Pricing and Reference Data, Inc (“Interactive Data”) and SunGard Securities Finance LLC (“SunGard”).  Silver Lake and its affiliates have a significant ownership interest in Interactive Data and SunGard. During the years ended December 31, 2015, 2014, and 2013, the Company paid $0.4 million, $0.3 million, and $0.2 million, respectively, to Interactive Data for these purchases. During the years ended December 31, 2015, 2014, and 2013, the Company paid $0.2 million, $0.2 million, $0.2 million, respectively, to Sungard for these purchases. Finally, in the ordinary course of business, the Company purchases telecommunications services from Singapore Telecommunications Limited (“Singtel”).  Temasek and its affiliates have a significant ownership interest in Singtel. During the years ended December 31, 2015, 2014, and 2013, the Company paid $0.1 million, $0.2 million, and $0.1 million, respectively, to Singtel for these purchases.

The Company has employed the son of the Company’s Founder and Executive Chairman, as a trader. The Company paid approximately $0.8 million, $0.6 million, and $0.5 million for the years ended 2015, 2014 and 2013, respectively. This employee was also granted 60,000 stock options with respect to shares of our Class A common stock under the 2015 Management Incentive Plan.

The Company has engaged a member of the Board of Directors to provide leadership consulting services. The Company has paid approximately $0.1 million, $0.1 million and $0.2 million for such engagement for the years ended 2015, 2014 and 2013, respectively.

The Company entered into certain futures clearing transactions with a futures commission merchant owned by the Company’s Founder and Executive Chairman, in the ordinary course of business. In December 2013, Founder and Executive Chairman disposed of its interests in Pioneer Futures, Inc.

Additionally, the Company entered into a sublease arrangement with an affiliate of the Company’s Founder and Executive Chairman for office space no longer used by the Company.  For the year ended December 31, 2015, the Company recognized $0.1 million pursuant to this arrangement.