v3.22.2.2
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2022
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,
2021202220212022
Market maker:
Citadel Securities, LLC23 %12 %21 %17 %
Entities affiliated with Susquehanna International Group, LLP(1)
13 %%11 %%
Entities affiliated with Wolverine Holdings, L.P.(2)
13 %%10 %%
Tai Mo Shan Limited(3)
%%17 %%
All others individually less than 10%16 %30 %19 %25 %
Total as percentage of total revenue:73 %56 %78 %63 %
________________
(1)Consists of Global Execution Brokers, LP and G1X Execution Services, LLC
(2)Consists of Wolverine Execution Services, LLC and Wolverine Securities, LLC
(3)Member of Jump Trading Group