0001592386-21-000040 | 10-Q | XBRL Viewer

Cover Page - shares	6 Months Ended
Jun. 30, 2021	Aug. 04, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-37352
Entity Registrant Name	Virtu Financial, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	32-0420206
Entity Address, Address Line One	One Liberty Plaza
Entity Address, Address Line Two	165 Broadway
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10006
City Area Code	212
Local Phone Number	418-0100
Title of 12(b) Security	Class A common stock, par value $0.00001 per share
Trading Symbol	VIRT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		60,091,740
Entity Central Index Key	0001592386
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

Label	Element	Value
Financial Instruments Sold Not Yet Purchased At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting	$ 318,500,000
Financial Instruments Sold Not Yet Purchased At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting	318,500,000
Financial Instruments Sold Not Yet Purchased At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting	292,870,000
Financial Instruments Sold Not Yet Purchased At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsSoldNotYetPurchasedAtFairValueCounterPartyAndCashCollateralNetting	292,870,000
Class of Warrant or Right, Loan Outstanding Requirement	virt_ClassofWarrantorRightLoanOutstandingRequirement	100,000,000
Non Cash Compensation to Developers Subject to Capitalization of Software	virt_NonCashCompensationToDevelopersSubjectToCapitalizationOfSoftware	8,680,000
Non Cash Compensation to Developers Subject to Capitalization of Software	virt_NonCashCompensationToDevelopersSubjectToCapitalizationOfSoftware	$ 7,488,000
Number Of Classes Of Common Stock	virt_NumberOfClassesOfCommonStock	4
Number of Votes to Stockholders	virt_NumberOfVotesToStockholders	1
Number of Votes to Stockholders	virt_NumberOfVotesToStockholders	10
Class of Warrant or Right, Number of Trading Days	virt_ClassofWarrantorRightNumberofTradingDays	10 days
Entity, Number Of Financial Instruments	virt_EntityNumberOfFinancialInstruments	25,000
Entity, Number Of Venues	virt_EntityNumberOfVenues	235
Company Product Offerings Allowing Clients To Trade, Number Of Countries	virt_CompanyProductOfferingsAllowingClientsToTradeNumberOfCountries	50
Variable Interest Entity, Number Of Entities	virt_VariableInterestEntityNumberOfEntities	4
Nonvoting Common Interest Units Outstanding	virt_NonvotingCommonInterestUnitsOutstanding	4,831,810
Nonvoting Common Interest Units Outstanding	virt_NonvotingCommonInterestUnitsOutstanding	5,259,713
Nonvoting Common Interest Units Forfeited Or Repurchased	virt_NonvotingCommonInterestUnitsForfeitedOrRepurchased	427,903
Nonvoting Common Interest Units Forfeited Or Repurchased	virt_NonvotingCommonInterestUnitsForfeitedOrRepurchased	2,360,239
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	$ 1,142,741,000
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	1,142,741,000
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	0
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	1,142,741,000
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	0
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	948,256,000
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	948,256,000
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	0
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	948,256,000
Securities Loaned, Fair Value Disclosure	virt_SecuritiesLoanedFairValueDisclosure	0
Net Equity with Futures Commission Merchant Assets	virt_NetEquityWithFuturesCommissionMerchantAssets	228,633,000
Net Equity with Futures Commission Merchant Assets	virt_NetEquityWithFuturesCommissionMerchantAssets	248,943,000
Long Term Debt, Maturity, After Year Four	virt_LongTermDebtMaturityAfterYearFour	$ 1,599,774,000
Stock Issued During Period, Shares, Employee Exchanges	virt_StockIssuedDuringPeriodSharesEmployeeExchanges	91,757
Stock Issued During Period, Shares, Employee Exchanges	virt_StockIssuedDuringPeriodSharesEmployeeExchanges	290,524
Stock Issued During Period, Shares, Employee Exchanges	virt_StockIssuedDuringPeriodSharesEmployeeExchanges	724,327
Stock Issued During Period, Shares, Employee Exchanges	virt_StockIssuedDuringPeriodSharesEmployeeExchanges	1,635,912
Common Units Repurchased During Period In Secondary Offering Shares	virt_CommonUnitsRepurchasedDuringPeriodInSecondaryOfferingShares	91,757
Common Units Repurchased During Period In Secondary Offering Shares	virt_CommonUnitsRepurchasedDuringPeriodInSecondaryOfferingShares	290,524
Common Units Repurchased During Period In Secondary Offering Shares	virt_CommonUnitsRepurchasedDuringPeriodInSecondaryOfferingShares	724,327
Common Units Repurchased During Period In Secondary Offering Shares	virt_CommonUnitsRepurchasedDuringPeriodInSecondaryOfferingShares	1,635,912
Unsettled Trade Assets	virt_UnsettledTradeAssets	$ 175,421,000
Unsettled Trade Assets	virt_UnsettledTradeAssets	118,777,000
Contract With Customer, Liability, Including New Contract Revenue, Recognized	virt_ContractWithCustomerLiabilityIncludingNewContractRevenueRecognized	15,200,000
Derivative Asset Securities Purchased under Agreements to Resell Securities Borrowed Not Offset Financial Instruments	virt_DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetFinancialInstruments	1,534,925,000
Derivative Asset Securities Purchased under Agreements to Resell Securities Borrowed Not Offset Financial Instruments	virt_DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNotOffsetFinancialInstruments	$ 1,397,132,000
Share-based Compensation Arrangement By Share-based Payment Award, Options Exercisable Granted In Period	virt_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableGrantedInPeriod	0
Share-based Compensation Arrangement By Share-based Payment Award, Options Exercisable Granted In Period	virt_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableGrantedInPeriod	0
Number Of Non-Operating Segments	virt_NumberOfNonOperatingSegments	1
Lease Abandonment	virt_LeaseAbandonment	$ 4,888,000
Lease Abandonment	virt_LeaseAbandonment	283,000
Dividend Distribution	virt_DividendDistribution	145,200,000
Dividend Distribution	virt_DividendDistribution	164,400,000
Increase (Decrease) In Accrued Employee Compensation Expense	virt_IncreaseDecreaseInAccruedEmployeeCompensationExpense	(6,500,000)
Increase (Decrease) In Accrued Employee Compensation Expense	virt_IncreaseDecreaseInAccruedEmployeeCompensationExpense	8,700,000
Increase (Decrease) In Accrued Employee Compensation Expense	virt_IncreaseDecreaseInAccruedEmployeeCompensationExpense	11,500,000
Increase (Decrease) In Accrued Employee Compensation Expense	virt_IncreaseDecreaseInAccruedEmployeeCompensationExpense	$ 25,800,000
Number Of Joint Ventures	virt_NumberOfJointVentures	2
Increase (Decrease) in Operating Lease Liabilities	virt_IncreaseDecreaseinOperatingLeaseLiabilities	$ (29,005,000)
Increase (Decrease) in Operating Lease Liabilities	virt_IncreaseDecreaseinOperatingLeaseLiabilities	$ (25,762,000)
Number Of Secured Credit Facilities	virt_NumberOfSecuredCreditFacilities	2
Number Of Secured Credit Facilities	virt_NumberOfSecuredCreditFacilities	1
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	$ 0
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	125,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	50,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	150,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	50,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	375,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	115,879,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	115,879,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	115,879,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	125,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	50,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	150,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	50,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	490,879,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	0
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	125,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	50,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	200,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	0
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	375,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	86,235,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	86,235,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	86,235,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	125,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	50,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	200,000,000
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	0
Repurchase Agreement Remaining Contractual Maturity	virt_RepurchaseAgreementRemainingContractualMaturity	461,235,000
Derivative Asset Not Offset Financial Instruments	virt_DerivativeAssetNotOffsetFinancialInstruments	0
Derivative Asset Not Offset Financial Instruments	virt_DerivativeAssetNotOffsetFinancialInstruments	0
Derivative Asset Not Offset Financial Instruments	virt_DerivativeAssetNotOffsetFinancialInstruments	0
Derivative Asset Not Offset Financial Instruments	virt_DerivativeAssetNotOffsetFinancialInstruments	$ 0
Number Of Borrowing Bases	virt_NumberOfBorrowingBases	2
Derivative Fair Value of Derivative Asset after Application of Master Netting Agreements and Cash and Securities Collateral	virt_DerivativeFairValueOfDerivativeAssetAfterApplicationOfMasterNettingAgreementsAndCashAndSecuritiesCollateral	$ 11,216,000
Derivative Fair Value of Derivative Asset after Application of Master Netting Agreements and Cash and Securities Collateral	virt_DerivativeFairValueOfDerivativeAssetAfterApplicationOfMasterNettingAgreementsAndCashAndSecuritiesCollateral	815,000
Derivative Fair Value of Derivative Asset after Application of Master Netting Agreements and Cash and Securities Collateral	virt_DerivativeFairValueOfDerivativeAssetAfterApplicationOfMasterNettingAgreementsAndCashAndSecuritiesCollateral	49,396,000
Derivative Fair Value of Derivative Asset after Application of Master Netting Agreements and Cash and Securities Collateral	virt_DerivativeFairValueOfDerivativeAssetAfterApplicationOfMasterNettingAgreementsAndCashAndSecuritiesCollateral	0
Interest and Dividend Expense Operating	virt_InterestAndDividendExpenseOperating	24,971,000
Interest and Dividend Expense Operating	virt_InterestAndDividendExpenseOperating	28,841,000
Interest and Dividend Expense Operating	virt_InterestAndDividendExpenseOperating	48,999,000
Interest and Dividend Expense Operating	virt_InterestAndDividendExpenseOperating	70,281,000
Financial Instruments Owned And Not Pledged At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting	294,309,000
Financial Instruments Owned And Not Pledged At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting	294,309,000
Financial Instruments Owned And Not Pledged At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting	291,964,000
Financial Instruments Owned And Not Pledged At Fair Value Counter Party And Cash Collateral Netting	virt_FinancialInstrumentsOwnedAndNotPledgedAtFairValueCounterPartyAndCashCollateralNetting	291,964,000
Increase (Decrease) in Accounts Payable and Accrued Expenses and Other Liabilities	virt_IncreaseDecreaseInAccountsPayableAndAccruedExpensesAndOtherLiabilities	(76,580,000)
Increase (Decrease) in Accounts Payable and Accrued Expenses and Other Liabilities	virt_IncreaseDecreaseInAccountsPayableAndAccruedExpensesAndOtherLiabilities	203,804,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	490,879,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	490,879,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	0
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	490,879,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	0
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	461,235,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	461,235,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	0
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	461,235,000
Securities Sold Under Agreements To Repurchase, Fair Value Disclosure	virt_SecuritiesSoldUnderAgreementsToRepurchaseFairValueDisclosure	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	1,142,741,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	1,142,741,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	1,142,741,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	1,142,741,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	948,256,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	948,256,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	948,256,000
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	0
Securities Lending Transaction Remaining Contractual Maturity	virt_SecuritiesLendingTransactionRemainingContractualMaturity	948,256,000
Derivative Asset Securities Purchased under Agreements to Resell Securities Borrowed Net	virt_DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNet	58,942,000
Derivative Asset Securities Purchased under Agreements to Resell Securities Borrowed Net	virt_DerivativeAssetSecuritiesPurchasedUnderAgreementsToResellSecuritiesBorrowedNet	90,460,000
Depreciation And Amortization Excluding Intangible Assets	virt_DepreciationAndAmortizationExcludingIntangibleAssets	16,349,000
Depreciation And Amortization Excluding Intangible Assets	virt_DepreciationAndAmortizationExcludingIntangibleAssets	16,713,000
Depreciation And Amortization Excluding Intangible Assets	virt_DepreciationAndAmortizationExcludingIntangibleAssets	33,127,000
Depreciation And Amortization Excluding Intangible Assets	virt_DepreciationAndAmortizationExcludingIntangibleAssets	$ 34,073,000
Number Of Microwave Communication Network Joint Ventures Payments Made To	virt_NumberOfMicrowaveCommunicationNetworkJointVenturesPaymentsMadeTo	2
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercisable, Forfeitures and Expirations in Period	virt_SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisableForfeituresandExpirationsinPeriod	0
Share-based Compensation Arrangement by Share-based Payment Award, Options Exercisable, Forfeitures and Expirations in Period	virt_SharebasedCompensationArrangementbySharebasedPaymentAwardOptionsExercisableForfeituresandExpirationsinPeriod	0
Securities Borrowed Net	virt_SecuritiesBorrowedNet	$ 46,911,000
Securities Borrowed Net	virt_SecuritiesBorrowedNet	41,064,000
Net Equity with Futures Commission Merchant Liabilities	virt_NetEquityWithFuturesCommissionMerchantLiabilities	73,734,000
Net Equity with Futures Commission Merchant Liabilities	virt_NetEquityWithFuturesCommissionMerchantLiabilities	77,257,000
Increase (Decrease) in Trading Assets at Fair Value	virt_IncreaseDecreaseInTradingAssetsAtFairValue	526,615,000
Increase (Decrease) in Trading Assets at Fair Value	virt_IncreaseDecreaseInTradingAssetsAtFairValue	(124,097,000)
Short Term Debt, Gross	virt_ShortTermDebtGross	198,000,000
Short Term Debt, Gross	virt_ShortTermDebtGross	18,468,000
Short Term Debt, Gross	virt_ShortTermDebtGross	216,468,000
Short Term Debt, Gross	virt_ShortTermDebtGross	36,400,000
Short Term Debt, Gross	virt_ShortTermDebtGross	28,673,000
Short Term Debt, Gross	virt_ShortTermDebtGross	65,073,000
Unsettled Trade Liabilities	virt_UnsettledTradeLiabilities	20,190,000
Unsettled Trade Liabilities	virt_UnsettledTradeLiabilities	228,070,000
Variable Interest Entity, Nonconsolidated Entities, Assets	virt_VariableInterestEntityNonconsolidatedEntitiesAssets	155,246,000
Variable Interest Entity, Nonconsolidated Entities, Assets	virt_VariableInterestEntityNonconsolidatedEntitiesAssets	$ 175,547,000
Share-based Compensation Arrangement By Share-based Payment Award, Options Exercisable Exercised In Period	virt_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableExercisedInPeriod	617,923
Share-based Compensation Arrangement By Share-based Payment Award, Options Exercisable Exercised In Period	virt_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableExercisedInPeriod	407,997
Lessee, Operating Lease, Liability, to be Paid, after Year Four	virt_LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	$ 111,444,000
Securities Borrowed Not Offset Financial Instruments	virt_SecuritiesBorrowedNotOffsetFinancialInstruments	1,480,370,000
Securities Borrowed Not Offset Financial Instruments	virt_SecuritiesBorrowedNotOffsetFinancialInstruments	1,374,266,000
Finance Lease, Liability, to be Paid, Due after Year Four	virt_FinanceLeaseLiabilityToBePaidDueAfterYearFour	0
Debt Issue Cost Related To Debt Refinancing, Prepayment And Commitment Fees	virt_DebtIssueCostRelatedToDebtRefinancingPrepaymentAndCommitmentFees	1,989,000
Debt Issue Cost Related To Debt Refinancing, Prepayment And Commitment Fees	virt_DebtIssueCostRelatedToDebtRefinancingPrepaymentAndCommitmentFees	13,195,000
Debt Issue Cost Related To Debt Refinancing, Prepayment And Commitment Fees	virt_DebtIssueCostRelatedToDebtRefinancingPrepaymentAndCommitmentFees	3,744,000
Debt Issue Cost Related To Debt Refinancing, Prepayment And Commitment Fees	virt_DebtIssueCostRelatedToDebtRefinancingPrepaymentAndCommitmentFees	17,366,000
Short Term Credit Facilities	virt_ShortTermCreditFacilities	201,800,000
Short Term Credit Facilities	virt_ShortTermCreditFacilities	134,700,000
Increase (Decrease) in Trading Liabilities at Fair Value	virt_IncreaseDecreaseInTradingLiabilitiesAtFairValue	199,680,000
Increase (Decrease) in Trading Liabilities at Fair Value	virt_IncreaseDecreaseInTradingLiabilitiesAtFairValue	255,889,000
Accounts Payable, Accrued Expenses and Other Liabilities	virt_AccountsPayableAccruedExpensesAndOtherLiabilities	399,074,000
Accounts Payable, Accrued Expenses and Other Liabilities	virt_AccountsPayableAccruedExpensesAndOtherLiabilities	491,818,000
Payment For Purchase Of Treasury Stock	virt_PaymentForPurchaseOfTreasuryStock	180,837,000
Payment For Purchase Of Treasury Stock	virt_PaymentForPurchaseOfTreasuryStock	10,161,000
Securities Borrowed At Market Value	virt_SecuritiesBorrowedAtMarketValue	1,480,370,000
Securities Borrowed At Market Value	virt_SecuritiesBorrowedAtMarketValue	1,374,266,000
Increase (Decrease) in Operating Lease, Right-of-use Assets	virt_IncreaseDecreaseinOperatingLeaseRightofuseAssets	(27,472,000)
Increase (Decrease) in Operating Lease, Right-of-use Assets	virt_IncreaseDecreaseinOperatingLeaseRightofuseAssets	(19,995,000)
Payment Of Tax Receivable Agreement Obligations	virt_PaymentOfTaxReceivableAgreementObligations	16,505,000
Payment Of Tax Receivable Agreement Obligations	virt_PaymentOfTaxReceivableAgreementObligations	13,286,000
Finance Lease, Cost	virt_FinanceLeaseCost	1,490,000
Finance Lease, Cost	virt_FinanceLeaseCost	3,095,000
Finance Lease, Cost	virt_FinanceLeaseCost	3,697,000
Finance Lease, Cost	virt_FinanceLeaseCost	6,411,000
Virtu Financial Capital Markets Llc [Member]
Required Net Capital Under Exchange Act	virt_RequiredNetCapitalUnderExchangeAct	1,000,000
Required Net Capital Under Exchange Act For Every Transaction Dollar Volume	virt_RequiredNetCapitalUnderExchangeActForEveryTransactionDollarVolume	$ 75,000
V F H Parent L L C [Member]
Common Stock, Exchange Ratio	virt_CommonStockExchangeRatio	1
Stock Issued During Period, Shares, Employee Exchanges	virt_StockIssuedDuringPeriodSharesEmployeeExchanges	382,281
Stock Issued During Period, Shares, Employee Exchanges	virt_StockIssuedDuringPeriodSharesEmployeeExchanges	2,360,239

Tax Receivable Agreements (Details) - USD ($) $ in Thousands	1 Months Ended				3 Months Ended	6 Months Ended
	Apr. 30, 2021	Mar. 31, 2020	Sep. 30, 2018	Feb. 28, 2017	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Tax Receivable Agreements [Abstract]
First payment made	$ 16,500	$ 13,300	$ 12,400	$ 7,000
Minimum tax receivable agreement obligation over the agreed period					$ 900	$ 900
Maximum tax receivable agreement obligation over the agreed period					$ 21,700	$ 21,700
Period over which the obligations are to be settled					15 years	15 years
Tax receivable agreement obligations					$ 254,660	$ 254,660	$ 271,165

Print Document View Excel Document
Cover Cover Page Notes Details Tax Receivable Agreements (Details) Uncategorized Uncategorized Items - virt-20210630_htm.xml All Reports