Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2020

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

At March 31, 2020 and December 31, 2019, the following balances with such affiliates were included in the consolidated statements of financial condition in the following line items (in thousands):


	March 31, 2020		December 31, 2019
Accounts receivable	$	2,293	$	—
Receivable from affiliates		1,506		2,525
Other assets		552		—
Deferred revenue		4,459		4,733
Payable to affiliates		2,288		1,506

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):


	Three Months Ended		Three Months Ended
	March 31, 2020		March 31, 2019
Revenue:
Transaction fees (1)	$	—	$	59,643
Subscription fees (1)		—		5,670
Commissions (1)		—		16,186
Refinitiv market data fees (2)		14,628		13,616
Operating Income:(3)
Interest income		—		208

Shared Services Fees (4) :
Technology and communications		740		740
General and administrative		24		180
Occupancy		46		155

(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. 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. Under the terms of the agreement, Refinitiv provides the Company with certain real estate, payroll, benefits administration, insurance, content, financial reporting and tax support.