DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

SCHEDULE OF CONCENTRATION OF CREDIT RISK

We derived transaction-based revenues from individual market makers in excess of 10% of total revenues, as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2021		2020		2021
Market maker:
Citadel Securities, LLC	33	%	23	%	34	%	21	%
Tai Mo Shan Limited(1)	1	%	8	%	2	%	17	%
Entities affiliated with Susquehanna International Group, LLP(2)	18	%	13	%	20	%	11	%
Entities affiliated with Wolverine Holdings, L.P.(3)	10	%	13	%	10	%	10	%
All others individually less than 10%	13	%	16	%	9	%	19	%
Total as percentage of total revenue:	75	%	73	%	75	%	78	%

________________

(1)Member of Jump Trading Group

(2)Consists of Global Execution Brokers, LP and G1X Execution Services, LLC

(3)Consists of Wolverine Execution Services, LLC and Wolverine Securities LLC