Geographic Information

3 Months Ended

Mar. 31, 2017

Geographic Information

Geographic Information

16. Geographic Information

The Company operates its business in the U.S. and internationally, primarily in Europe and Asia. Significant transactions and balances between geographic regions occur primarily as a result of certain Company’s subsidiaries incurring operating expenses such as employee compensation, communications and data processing and other overhead costs, for the purpose of providing execution, clearing and other support services to affiliates. Charges for transactions between regions are designed to approximate full costs. Intra-region income and expenses and related balances have been eliminated in the geographic information presented below to accurately reflect the external business conducted in each geographical region. The revenues are attributed to countries based on the locations of the subsidiaries. The following table presents total revenues by geographic area for the three months ended March 31, 2017 and 2016:

	For the Three Months Ended
	March 31,
(in thousands)	2017		2016
Revenues:
United States	$	91,987	$	123,819
Australia		18		6
Ireland		28,251		43,127
Singapore		27,006		25,554
China		25		132
Total revenues	$	147,287	$	192,638