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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net Income $ 158,340 $ 197,490 $ 190,057
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 29,703 33,629 30,441
Amortization of purchased intangibles and acquired capitalized software 211 211 211
Debt issue cost related to debt refinancing 5,579    
Amortization of debt issuance costs and deferred financing fees 1,690 1,755 1,334
Termination of office leases   1,380  
Share based compensation 22,866 61,878 14,234
Reserve for legal matter   5,440  
Equipment writeoff 428 559 378
Deferred taxes 13,313 3,985  
Other (1,070) 219 (2,204)
Changes in operating assets and liabilities:      
Securities borrowed 233,291 31,638 223,169
Securities purchased under agreements to resell 14,981 16,482 131,145
Receivables from broker dealers and clearing organizations 27,808 (88,884) 40,089
Trading assets, at fair value (530,668) 247,094 259,105
Other Assets 772 (5,796) 2,751
Securities loaned (302,400) 26,741 (531,450)
Securities sold under agreements to repurchase   (2,006) (8,877)
Payables to broker dealers and clearing organizations 209,374 (199,599) 155,974
Trading liabilities, at fair value 370,065 (58,544) (240,778)
Accounts payable and accrued expenses and other liabilities (14,684) (13,392) 7,120
Net cash provided by operating activities 239,599 260,280 272,699
Cash flows from investing activities      
Development of capitalized software (8,404) (8,028) (8,039)
Acquisition of property and equipment (11,859) (16,271) (28,120)
Investment in SBI Japannext described in Note 9 (38,754)    
Net cash used in investing activities (59,017) (24,299) (36,159)
Cash flows from financing activities      
Distribution to members   (130,000) (140,652)
Distribution from Virtu Financial to non-controlling interest (162,969) (81,377)  
Dividends (37,759) (17,362)  
Short-term borrowings, net (20,000) 45,000 (72,800)
Issuance of Common Stock, net of offering costs   327,366  
Purchase of treasury stock (4,539) (3,819)  
Proceeds from long-term borrowings 75,753    
Repayment of senior secured credit facility (3,825) (2,914) (7,286)
Debt issuance costs (5,094) (976)  
Repurchase of Virtu Financial Units and corresponding number of Class A and C Common Stock (98) (277,153)  
Issuance of common stock, net of offering costs 16,677 7,782  
Repurchase of Virtu Financial Units and corresponding number of Class A and C common stock in connection with IPO (17,383) (8,805)  
Net cash used in financing activities (161,237) (144,355) (221,654)
Effect of exchange rate changes on Cash and cash equivalents (1,165) (4,255) (5,032)
Net (decrease) increase in Cash and cash equivalents 18,180 87,371 9,854
Cash and cash equivalents, beginning of period 163,235 75,864 66,010
Cash and cash equivalents, end of period 181,415 163,235 75,864
Supplementary disclosure of cash flow information      
Cash paid for interest 54,872 63,230 61,293
Cash paid for taxes 16,175 12,875 3,764
Non-cash investing activities      
Share based compensation of developers relating to software capitalized 2,750 11,278 $ 1,719
Non-cash financing activities      
Tax receivable agreement described in Note 4 (545) $ 21,854  
Discount on issuance of senior secured credit facility $ 1,350