Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2020

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

At September 30, 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):


	September 30, 2020		December 31, 2019
Accounts receivable	$	2,609	$	—
Receivable from affiliates	36		2,525

Accounts payable, accrued expenses and other liabilities	539		—
Deferred revenue	4,185		4,733
Payable to affiliates	4,977		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				Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Revenue:
Transaction fees (1)	$	—	$	—	$	—	$	59,643
Subscription fees (1)	—		—		—		5,670
Commissions (1)	—		—		—		16,186
Refinitiv market data fees (2)	14,273		13,251		43,466		40,252
Other Income and Expenses:(3)
Interest income	—		—		—		858
Shared Services Fees: (4)
Technology and communications	740		740		2,220		2,220
General and administrative	—		24		(596)		406
Occupancy	—		123		15		434

(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.