Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fee revenue
Asset-based	$ 3,705	$ 3,399	$ 3,089
Account and activity	719	690	617
Total fee revenue	4,424	4,089	3,706
Trade revenue	1,981	2,425	2,460
Interest and dividends	193	158	135
Other revenue	34	22	32
Total revenue	6,632	6,694	6,333
Interest expense	75	75	55
Net revenue	6,557	6,619	6,278
Operating expenses:
Compensation and benefits	4,606	4,641	4,436
Occupancy and equipment	396	382	367
Communications and data processing	302	286	289
Professional and consulting fees	124	87	59
Advertising	78	69	70
Postage and shipping	53	51	51
Other operating expenses	252	265	236
Total operating expenses	5,811	5,781	5,508
Income before allocations to partners	746	838	770
Allocations to partners:
Limited partners	100	121	82
Subordinated limited partners	90	93	87
General partners	556	624	601
Net income	$ 0	$ 0	$ 0
Income allocated to limited partners per weighted average $1,000 equivalent limited partnership unit outstanding	$ 110.55	$ 131.42	$ 129.40
Weighted average $1,000 equivalent limited partnership units outstanding	908,919	921,747	636,481