Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net Income	$ 21,074	$ 51,356
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,757	7,727
Amortization of purchased intangibles and acquired capitalized software	53	53
Amortization of debt issuance costs and deferred financing fees	214	468
Termination of office leases		292
Share based compensation	3,818	3,102
Equipment writeoff		428
Deferred taxes	2,354	2,530
Other	1,570	(3)
Changes in operating assets and liabilities:
Securities borrowed	(138,458)	(200,769)
Securities purchased under agreements to resell		14,981
Receivables from broker dealers and clearing organizations	(213,585)	(153,375)
Trading assets, at fair value	(72,088)	(226,460)
Other Assets	563	652
Securities loaned	201,469	166,069
Payables to broker dealers and clearing organizations	(106,290)	(50,646)
Trading liabilities, at fair value	324,647	432,519
Tax receivable agreement obligations	(7,045)
Accounts payable and accrued expenses and other liabilities	(11)	2,544
Net cash provided by operating activities	32,087	51,468
Cash flows from investing activities
Development of capitalized software	(2,016)	(2,003)
Acquisition of property and equipment	(3,843)	(1,287)
Net cash used in investing activities	(5,859)	(3,290)
Cash flows from financing activities
Distribution from Virtu Financial to non-controlling interest	(21,011)	(41,240)
Dividends	(10,114)	(9,378)
Purchase of treasury stock	(441)
Short-term borrowings, net	(3,000)	(13,000)
Payments on repurchase of non-voting common interest	(500)	(500)
Repayment of senior secured credit facility	(1,350)	(1,275)
Net cash used in financing activities	(43,461)	(65,393)
Effect of exchange rate changes on Cash and cash equivalents	785	2,494
Net decrease in Cash and cash equivalents	(16,448)	(14,721)
Cash and cash equivalents, beginning of period	181,415	163,235
Cash and cash equivalents, end of period	164,967	148,514
Supplementary disclosure of cash flow information
Cash paid for interest	13,197	13,786
Cash paid for taxes	1,915	1,527
Non-cash investing activities
Share based compensation of developers relating to software capitalized	$ 664	$ 678