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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net Income $ 18,898 $ 158,340 $ 197,490
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 47,327 29,703 33,629
Amortization of purchased intangibles and acquired capitalized software 15,447 211 211
Debt issue cost related to debt refinancing 10,460 5,579  
Amortization of debt issuance costs and deferred financing fees 5,822 1,690 1,755
Termination of office leases 3,671   1,380
Share based compensation 26,259 22,866 61,878
Reserve for legal matter 657   5,440
Equipment writeoff 1,216 428 559
Tax receivable agreement obligation reduction (86,599)    
Deferred taxes 102,973 13,313 3,985
Other (4,577) (1,070) 219
Changes in operating assets and liabilities:      
Securities borrowed 155,277 233,291 31,638
Securities purchased under agreements to resell 16,894 14,981 16,482
Receivables from broker dealers and clearing organizations 26,145 27,808 (88,884)
Trading assets, at fair value 1,210,599 (530,668) 247,094
Other Assets 44,494 772 (5,796)
Securities loaned 366,295 (302,400) 26,741
Securities sold under agreements to repurchase (450,964)   (2,006)
Payables to broker dealers and clearing organizations (516,376) 209,374 (199,599)
Trading liabilities, at fair value (721,204) 370,065 (58,544)
Accounts payable and accrued expenses and other liabilities 17,860 (14,684) (13,392)
Net cash provided by operating activities 290,574 239,599 260,280
Cash flows from investing activities      
Development of capitalized software (14,158) (8,404) (8,028)
Acquisition of property and equipment (18,932) (11,859) (16,271)
Investment in SBI Japannext   (38,754)  
Acquisition of KCG Holdings, net of cash acquired, described in Note 3 (799,632)    
Acquisition of Teza Technologies (5,594)    
Proceeds from sale of DMM business 300    
Net cash used in investing activities (838,016) (59,017) (24,299)
Cash flows from financing activities      
Distribution to members     (130,000)
Distribution from Virtu Financial to non-controlling interest (89,563) (162,969) (81,377)
Dividends (63,814) (37,759) (17,362)
Purchase of treasury stock (2,683) (4,539) (3,819)
Short-term borrowings, net 7,000 (20,000) 45,000
Proceeds from long-term borrowings 1,115,036 75,753  
Repayment of senior secured credit facility (256,473) (3,825) (2,914)
Repayment of KCG Notes (480,987)    
Tax receivable agreement obligations (7,045)    
Debt issuance costs (56,505) (5,094) (976)
Issuance of common stock, net of offering costs 735,974   327,366
Repurchase of Virtu Financial Units and corresponding number of Class A and C Common Stock     (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 provided by (used in) financing activities 889,797 (161,237) (144,355)
Effect of exchange rate changes on cash and cash equivalents 9,117 (1,165) (4,255)
Net decrease in Cash and cash equivalents 351,472 18,180 87,371
Cash and cash equivalents beginning of period 181,415 163,235 75,864
Cash and Cash Equivalents, at Carrying Value 181,415 163,235 75,864
Supplementary disclosure of cash flow information      
Cash paid for interest 112,982 54,872 63,230
Cash paid for taxes 5,976 16,175 12,875
Non-cash investing activities      
Share based compensation of developers relating to software capitalized 1,605 2,750 11,278
Non-cash financing activities      
Tax receivable agreement described in Note 6 1,534 545 (21,854)
Class A-2      
Cash flows from financing activities      
Purchase of treasury stock $ (11,143) (2,000) $ (2,097)
Class C      
Cash flows from financing activities      
Purchase of treasury stock   $ (98)