Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of balances from transactions with affiliates included in the consolidated statements

At December 31, 2019 and 2018, the following balances with such affiliates were included in the consolidated statements of financial condition in the following line items (in thousands):


	Successor		Successor
	December 31, 2019		December 31, 2018
Cash and cash equivalents	$	—	$	283,790
Receivables from brokers and dealers and clearing organizations		—		3,332
Deposits with clearing organizations		—		500
Accounts receivable		—		40,730
Receivable from affiliates		2,525		3,243
Other assets		—		9
Payable to brokers and dealers and clearing organizations		—		2,404
Deferred revenue		4,733		9,151
Payable to affiliates		1,506		5,009

Schedule of affiliates were included in the consolidated statements of income

The following balances with such affiliates were included in the consolidated statements of income in the following line items (in thousands):


	Successor		Successor		Predecessor		Predecessor
	Year Ended		October 1, 2018		January 1, 2018		Year Ended
	December 31,		to		to		December 31,
	2019		December 31, 2018		September 30, 2018		2017
Revenue:
Transaction fees (1)	$	59,643	$	59,259	$	159,663	$	151,695
Subscription fees (1)		5,670		5,718		16,627		37,426
Commissions (1)		16,186		12,401		34,944		43,315
Refinitiv market data fees (2)		55,635		13,467		36,851		50,125
Operating Income:(3)
Net interest income (expense)		858		17		34		(415)

Shared Services Fees (4) :
Technology and communications		2,960		740		2,220		2,960
General and administrative		430		180		539		719
Occupancy		481		155		466		621

(1)

For pre-IPO periods, represents fees and commissions from affiliates of the Bank Stockholders.

(2)

The Company maintains a market data license agreement with Refinitiv (TR in the predecessor period). Under the agreement, the Company delivers to Refinitiv certain market data feeds which Refinitiv redistributes to its customers. The Company earns license fees and royalties for these feeds.

(3)

For pre-IPO periods, represents interest income from money market funds invested with and savings accounts deposited with affiliates of the Bank Stockholders.

(4)

The Company maintains a shared services agreement with Refinitiv (TR in the predecessor period). Under the terms of the agreement, Refinitiv provides the Company with certain real estate, payroll, benefits administration, insurance, content, financial reporting and tax support.