Liquid 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 25, 2014	Jul. 26, 2013
Document Information [Line Items]	'	'	'
Entity Registrant Name	'Liquid Holdings Group, Inc.	'	'
Entity Central Index Key	'0001562594	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Trading Symbol	'LIQD	'	'
Entity Common Stock, Shares Outstanding	'	24,771,828	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$55,833,594

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
ASSETS	'	'
Cash and cash equivalents	$8,473,847	$1,380,078
Note receivable from related party - QuantX Management, LLP	0	2,250,000
Deferred offering costs	0	3,476,427
Accounts receivable, net of allowance for doubtful accounts of $5,814 and $0	425,196	467,507
Prepaid expenses and other current assets	388,612	1,288,985
Total current assets	9,287,655	8,862,997
Property and equipment, net	867,758	325,285
Other assets:	'	'
Due from related parties	659,030	359,030
Deposits	540,653	478,258
Other intangible assets, net of amortization of $9,976,790 and $2,742,518	11,505,853	18,740,125
Goodwill	13,182,936	13,182,936
Total other assets	25,888,472	32,760,349
TOTAL ASSETS	36,043,885	41,948,631
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'
Accounts payable and accrued expenses	3,503,590	3,199,869
Due to related parties	0	61,873
Deferred income	4,350	2,062
Deferred tax liability, net	0	268,160
Total current liabilities	3,507,940	3,531,964
Long-term liabilities:	'	'
Deferred rent	20,536	51,338
Contingent consideration payable on Fundsolve acquisition	0	1,561,000
Deferred tax liability, net	0	429,100
Total liabilities	3,528,476	5,573,402
Commitments and contingencies (Note 7)	'	'
Stockholders' equity:	'	'
Preferred stock, $0.0001 par value, 10,000,000 shares authorized; none issued or outstanding	0	0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 24,486,388 and 17,791,284 shares issued and outstanding as of December 31, 2013 and December 31, 2012, respectively)	2,448	1,779
Additional paid-in capital	118,510,671	74,637,387
Accumulated deficit	-84,857,911	-38,245,864
Treasury stock, at cost, 121,674 shares at December 31, 2013	-1,029,078	0
Accumulated other comprehensive loss	-110,721	-18,073
Total stockholders’ equity	32,515,409	36,375,229
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$36,043,885	$41,948,631

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accumulated amortization (in dollars)	$9,976,790	$2,742,518
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	24,486,388	17,791,284
Common stock, shares outstanding	24,486,388	17,791,284
Treasury stock, shares	121,674	'

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	9 Months Ended		12 Months Ended		4 Months Ended
	Dec. 31, 2012		Dec. 31, 2013		Apr. 24, 2012
					Predecessor [Member]
Revenues:	'		'		'
Software services	$1,032,534		$2,925,650		$0
Brokerage activities	1,295,248		1,872,647		0
Revenues	2,327,782		4,798,297		0
Cost of revenues (exclusive of items shown separately below):	'		'		'
Software services	388,860		1,452,801		0
Brokerage activities	817,559		1,248,192		0
Cost of Revenue	1,206,419		2,700,993		0
Gross profit	1,121,363		2,097,304		0
Operating expenses:	'		'		'
Compensation	28,285,420		18,885,418		73,494
Consulting fees	3,081,002		12,727,112		0
Depreciation and amortization	2,761,703		7,407,062		6,912
Professional fees	1,651,232		3,676,863		33,756
Rent	629,400		1,211,693		153,081
Computer related and software development	414,048		2,472,539		0
Other	790,747		2,436,736		97,496
Impairment of goodwill and intangible assets	1,550,652		0		3,300,000
Total operating expenses	39,164,204		48,817,423		3,664,739
Loss from operations	-38,042,841		-46,720,119		-3,664,739
Non-operating income (expense):	'		'		'
Registration rights penalty	-1,674,704		0		0
Unrealized gain on contingent consideration payable	129,000		0		0
Gain (loss) on settlement of contingent consideration payable	1,545,000		-649,688		3,300,000
Interest and other, net	-306,659		60,500		0
Total non-operating income (expense)	-307,363		-589,188		3,300,000
Loss before income taxes	-38,350,204		-47,309,307		-364,739
Income tax benefit	-104,340		-697,260		0
Net loss	-38,245,864		-46,612,047		-364,739
Other comprehensive loss:	'		'		'
Foreign currency translation	-18,073		-92,648		0
Total comprehensive loss	-38,263,937		-46,704,695		-364,739
Basic and diluted loss per share	($2.46)	[1]	($2.10)	[1]	$0
Weighted average number of common shares outstanding during the period - basic and diluted	15,517,444		22,230,943		0
Supplemental Information to the Consolidated Statements of Operations and Comprehensive Loss	'		'		'
Software services revenues from related parties	890,432		2,387,825		0
Software services cost of revenues to related parties	154,900		270,561		0
Share-based compensation included in compensation	26,974,828		9,425,684		0
Share-based compensation included in consulting fees	$2,404,992		$11,649,693		$0
[1]	Basic and diluted loss per share are computed independently for each of the quarters presented, therefore, the sum of quarterly basic and diluted loss per share information may not equal annual basic and diluted loss per share.

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY (USD $)

Total

Predecessor [Member]

Common Stock [Member]

Common Stock [Member]

Additional Paid-in Capital [Member]

Additional Paid-in Capital [Member]

Receivables from Stockholder [Member]

Receivables from Stockholder [Member]

Accumulated Deficit [Member]

Accumulated Deficit [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Accumulated Other Comprehensive Income (Loss) [Member]

Treasury Stock [Member]

Treasury Stock [Member]

Predecessor [Member]

Predecessor [Member]

Predecessor [Member]

Predecessor [Member]

Predecessor [Member]

Predecessor [Member]

Balance at Dec. 31, 2011

'

($75,930)

'

'

'

$620,100

'

$0

'

($696,030)

'

$0

'

$0

Balance (in shares) at Dec. 31, 2011

'

'

'

0

'

'

'

'

'

'

'

'

'

'

Foreign currency translation

'

0

'

'

'

'

'

'

'

'

'

'

'

'

Owner's Contributions

'

350,000

'

'

'

350,000

'

0

'

0

'

0

'

0

Net loss

'

-364,739

'

'

'

0

'

0

'

-364,739

'

0

'

0

Balance at Apr. 24, 2012

'

-90,669

'

0

'

970,100

'

0

'

-1,060,769

'

0

'

0

Balance (in shares) at Apr. 24, 2012

'

'

'

0

'

'

'

'

'

'

'

'

'

'

Balance at Jan. 16, 2012

0

'

'

'

0

'

0

'

0

'

0

'

0

'

Balance (in shares) at Jan. 16, 2012

'

'

0

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units for the contribution of 2.5% interest of Liquid Trading Institutional, LLP, June 2012

425

'

17

'

408

'

0

'

0

'

0

'

0

'

Issuance of common units for the contribution of 2.5% interest of Liquid Trading Institutional, LLP, June 2012 (in shares)

'

'

169,453

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units to Founders, April 2012

0

'

998

'

2,002,470

'

-2,003,468

'

0

'

0

'

0

'

Issuance of common units to Founders, April 2012 (in shares)

'

'

9,979,324

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units in accordance with 2012 Equity Plan for consulting services and share-based compensation

10,348,136

'

162

'

10,347,974

'

0

'

0

'

0

'

0

'

Issuance of common units in accordance with 2012 Equity Plan for consulting services and share-based compensation (in shares)

'

'

1,623,546

'

'

'

'

'

'

'

'

'

'

'

Capital contribution by Founder for sale of common units to director below market in connection with share-based compensation, April 2012

178,744

'

'

'

178,744

'

0

'

0

'

0

'

0

'

Issuance of common units for the purchase of proprietary software, April 2012

0

'

87

'

-87

'

0

'

0

'

0

'

0

'

Issuance of common units for the purchase of proprietary software, April 2012 (in shares)

'

'

868,338

'

'

'

'

'

'

'

'

'

'

'

Founders contribution of Futures for satisfaction of subscription receivable in May 2012

1,378,707

'

'

'

-6,623

'

1,385,330

'

0

'

0

'

0

'

Founders contribution of Liquid Trading Institutional, LLP 97.5% interest for satisfaction of subscription receivable in July 2012

16,575

'

'

'

0

'

16,575

'

0

'

0

'

0

'

Issuance of common units in connection with the acquisition of Liquid Partners, LLC, July 2012

8,755,000

'

95

'

8,754,905

'

0

'

0

'

0

'

0

'

Issuance of common units in connection with the acquisition of Liquid Partners, LLC, July 2012 (in shares)

'

'

951,432

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units in connection with the unit sale, net of issuance cost of $1,250,000 , July 2012

11,250,000

'

124

'

11,249,876

'

0

'

0

'

0

'

0

'

Issuance of common units in connection with the unit sale, net of issuance cost of $1,250,000 , July 2012 (in shares)

'

'

1,239,986

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units in connection with the acquisition of Green Mountain Analytics in August 2012

19,973,374

'

204

'

19,973,170

'

0

'

0

'

0

'

0

'

Issuance of common units in connection with the acquisition of Green Mountain Analytics in August 2012 (in shares)

'

'

2,038,857

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units in connection with the acquisition of LTI, LLC in September 2012

5,078,588

'

50

'

5,078,538

'

0

'

0

'

0

'

0

'

Issuance of common units in connection with the acquisition of LTI, LLC in September 2012 (in shares)

'

'

495,821

'

'

'

'

'

'

'

'

'

'

'

Founders advances due to LTI, LLC, utilized in capital of Futures and Prime, deemed dividend distributions to Founders in October 2012

-2,395,000

'

0

'

-2,395,000

'

0

'

0

'

0

'

0

'

Founders advances due to LTI, LLC, utilized for predecessor Guernsey, deemed dividend distributions to Founders in October 2012

-589,713

'

0

'

-589,713

'

0

'

0

'

0

'

0

'

Founders contribution of Liquid Prime Holdings, LLC for satisfaction of subscription receivable in October2012

116,687

'

0

'

-484,876

'

601,563

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common units to directors below market in connection with share-based compensation, October 2012

648,683

'

0

'

648,683

'

0

'

0

'

0

'

0

'

Capital contribution of common units by Founder, October 2012

0

'

-17

'

1,399,985

'

0

'

0

'

0

'

-1,399,968

'

Capital contribution of common units by Founder, October 2012 (in shares)

'

'

-173,667

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units in accordance with 2012 Equity Plan for share-based compensation, October 2012

4,760,000

'

61

'

4,759,939

'

0

'

0

'

0

'

0

'

Issuance of common units in accordance with 2012 Equity Plan for share-based compensation, October 2012 (in shares)

'

'

612,911

'

'

'

'

'

'

'

'

'

'

'

Issuance of incentive units in accordance with 2012 Equity Plan for share-based compensation, October 2012

2,484,274

'

0

'

2,484,274

'

0

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common units to consultant below market in connection with share-based compensation, November 2012

132,368

'

0

'

132,368

'

0

'

0

'

0

'

0

'

Issuance of common units in accordance with 2012 Equity Plan for share-based compensation, December 2012

2,824,744

'

36

'

1,424,740

'

0

'

0

'

0

'

1,399,968

'

Issuance of common units in accordance with 2012 Equity Plan for share-based compensation, December 2012 (in shares)

'

'

356,174

'

'

'

'

'

'

'

'

'

'

'

Capital contribution by Founders for sale of common units to officer below market in connection with share-based compensation, December 2012

318,397

'

0

'

318,397

'

0

'

0

'

0

'

0

'

Cancellation of common units received in equity grant for Incentive Common Units, December 2012

0

'

-61

'

61

'

0

'

0

'

0

'

0

'

Cancellation of common units received in equity grant for Incentive Common Units, December 2012 (in shares)

'

'

-612,911

'

'

'

'

'

'

'

'

'

'

'

Restricted common units award accrued in accordance with 2012 Incentive Plan for share-based compensation, December 2012

1,910,624

'

0

'

1,910,624

'

0

'

0

'

0

'

0

'

Issuance of common units for registration rights penalty, October to December 2012

1,674,704

'

24

'

1,674,680

'

0

'

0

'

0

'

0

'

Issuance of common units for registration rights penalty, October to December 2012 (in shares)

'

'

242,020

'

'

'

'

'

'

'

'

'

'

'

Issuance of incentive units in accordance with 2012 Equity Plan for share-based compensation, December 2012

5,773,849

'

0

'

5,773,849

'

0

'

0

'

0

'

0

'

Foreign currency translation

-18,073

'

0

'

0

'

0

'

0

'

-18,073

'

0

'

Net loss

-38,245,864

'

0

'

0

'

0

'

-38,245,864

'

0

'

0

'

Balance at Dec. 31, 2012

36,375,229

'

1,779

'

74,637,387

'

0

'

-38,245,864

'

-18,073

'

0

'

Balance (in shares) at Dec. 31, 2012

'

'

17,791,284

'

'

'

'

'

'

'

'

'

'

'

Capital contribution by Founder for sale of common shares to consultant below market in connection with share-based compensation, January 2013

38,102

'

0

'

38,102

'

0

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common shares to director below market in connection with share-based compensation, January 2013

327,622

'

0

'

327,622

'

0

'

0

'

0

'

0

'

Issuance of common shares in connection with sales by the Company, January 2013

1,000,000

'

11

'

999,989

'

0

'

0

'

0

'

0

'

Issuance of common shares in connection with sales by the Company, January 2013 (in shares)

'

'

112,574

'

'

'

'

'

'

'

'

'

'

'

Issuance of common shares in connection with sales by the Company, February 2013

300,000

'

4

'

299,996

'

0

'

0

'

0

'

0

'

Issuance of common shares in connection with sales by the Company, February 2013 (in shares)

'

'

36,387

'

'

'

'

'

'

'

'

'

'

'

Capital contribution by Founders for sale of common shares to director below market in connection with share-based compensation, February 2013

40,250

'

0

'

40,250

'

0

'

0

'

0

'

0

'

Issuance of common shares in connection with sales by the Company, March 2013

2,000,000

'

25

'

1,999,975

'

0

'

0

'

0

'

0

'

Issuance of common shares in connection with sales by the Company, March 2013 (in shares)

'

'

245,136

'

'

'

'

'

'

'

'

'

'

'

Capital contribution by Founders for sale of common shares to consultant below market in connection with share-based compensation, March 2013

100,626

'

0

'

100,626

'

0

'

0

'

0

'

0

'

Capital contribution by Company for sale of common shares to consultant below market in connection with share-based compensation, April 2013

5,273,540

'

72

'

5,273,468

'

0

'

0

'

0

'

0

'

Capital contribution by Company for sale of common shares to consultant below market in connection with share-based compensation, April 2013 (in shares)

'

'

720,498

'

'

'

'

'

'

'

'

'

'

'

Issuance of common shares in accordance with anti-dilution provisions for certain March 2013 sales

0

'

0

'

0

'

0

'

0

'

0

'

0

'

Issuance of common shares in accordance with anti-dilution provisions for certain March 2013 sales (in shares)

'

'

2,402

'

'

'

'

'

'

'

'

'

'

'

Capital contribution by Founders for sale of common shares to consultants below market in connection with share-based compensation, May 2013

5,221,800

'

0

'

5,221,800

'

0

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common shares to Founder below market in connection with share-based compensation, May 2013

1,445,000

'

0

'

1,445,000

'

0

'

0

'

0

'

0

'

Capital contribution by CEO and Employees for sale of common shares to consultant below market in connection with share-based compensation, May 2013

469,625

'

0

'

469,625

'

0

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common shares to CEO below market in connection with share-based compensation, May 2013

780,000

'

0

'

780,000

'

0

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common shares to director below market in connection with share-based compensation, May 2013

48,750

'

0

'

48,750

'

0

'

0

'

0

'

0

'

Capital contribution by Founder for sale of common shares to Founder below market in connection with share-based compensation, June 2013

1,445,000

'

0

'

1,445,000

'

0

'

0

'

0

'

0

'

Capital contribution by Founders for sale of common shares to consultant below market in connection with share-based compensation, June 2013

505,750

'

0

'

505,750

'

0

'

0

'

0

'

0

'

Issuance of common units to Founders, April 2012

0

'

14

'

-14

'

0

'

0

'

0

'

0

'

Issuance of common units to Founders, April 2012 (in shares)

'

'

142,524

'

'

'

'

'

'

'

'

'

'

'

Issuance of common units in accordance with 2012 Equity Plan for consulting services and share-based compensation

0

'

184

'

-184

'

0

'

0

'

0

'

0

'

Issuance of common units in accordance with 2012 Equity Plan for consulting services and share-based compensation (in shares)

'

'

1,838,385

'

'

'

'

'

'

'

'

'

'

'

Issuance of common shares upon initial public offering, net of underwriting discount, July 2013

26,017,625

'

318

'

26,017,308

'

0

'

0

'

0

'

0

'

Issuance of common shares upon initial public offering, net of underwriting discount, July 2013 (in shares)

'

'

3,175,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of common shares in connection with satisfaction of contingent consideration payable on Fundsolve acquisition, July 2013

2,210,688

'

25

'

2,210,663

'

0

'

0

'

0

'

0

'

Issuance of common shares in connection with satisfaction of contingent consideration payable on Fundsolve acquisition, July 2013 (in shares)

'

'

245,632

'

'

'

'

'

'

'

'

'

'

'

Direct costs of initial public offering

-8,729,737

'

0

'

-8,729,737

'

0

'

0

'

0

'

0

'

Treasury stock acquired

-1,029,078

'

-12

'

12

'

0

'

0

'

0

'

-1,029,078

'

Treasury stock acquired (in shares)

'

'

-121,674

'

'

'

'

'

'

'

'

'

'

'

Issuance of common shares upon vesting of restricted stock units

0

'

30

'

-30

'

0

'

0

'

0

'

0

'

Issuance of common shares upon vesting of restricted stock units (in shares)

'

'

298,240

'

'

'

'

'

'

'

'

'

'

'

Share-based compensation

5,379,312

'

0

'

5,379,312

'

0

'

0

'

0

'

0

'

Foreign currency translation

-92,648

'

0

'

0

'

0

'

0

'

-92,648

'

0

'

Net loss

-46,612,047

'

0

'

0

'

0

'

-46,612,047

'

0

'

0

'

Balance at Dec. 31, 2013

$32,515,409

'

$2,448

'

$118,510,671

'

$0

'

($84,857,911)

'

($110,721)

'

($1,029,078)

'

Balance (in shares) at Dec. 31, 2013

'

'

24,486,388

'

'

'

'

'

'

'

'

'

'

'

CONSOLIDATED_STATEMENTS_OF_STO1

CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY (Parenthetical) (USD $)	1 Months Ended
	Jul. 31, 2012	Jun. 30, 2012
Percentage of Contribution Interest	'	2.50%
Percentage of Founders Contribution Interest	97.50%	'
Stock Issuance Cost	$1,250,000	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended	12 Months Ended	4 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Apr. 24, 2012
			Predecessor [Member]
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'
Net loss	($38,245,864)	($46,612,047)	($364,739)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Registration rights penalty	1,674,704	0	0
Impairment of goodwill and intangible assets	1,550,652	0	3,300,000
Unrealized (gain) loss on contingent consideration payable	-129,000	0	0
(Gain) loss on settlement of contingent consideration payable	-1,545,000	649,688	-3,300,000
Depreciation and amortization expense	2,761,703	7,407,062	6,912
Share-based compensation	26,974,828	9,425,684	0
Share-based payments for consulting services	2,404,992	11,649,693	0
Other	-169,538	-40,423	0
Deferred taxes	104,340	-697,260	0
Changes in operating assets and liabilities:	'	'	'
Accounts receivable	497,848	42,311	0
Deferred offering costs	-3,476,427	3,476,427	0
Prepaid expense and other current assets	-1,137,946	900,373	0
Due from related parties	0	-300,000	0
Security deposit	-363,644	-62,395	0
Deposit with clearing organization	0	0	-250,000
Accounts payable and accrued expenses	2,816,055	303,721	84,590
Due to related parties	-139,810	-61,873	0
Other current liabilities	2,024	2,288	0
NET CASH USED IN OPERATING ACTIVITIES	-6,420,083	-13,916,751	-523,237
CASH FLOWS FROM INVESTING ACTIVITIES	'	'	'
Purchase of property and equipment	-89,399	-738,633	-241,236
Aquisition of intangible assets	-1,536,544	0	0
Cash acquired in acquisitions	2,424,347	0	0
Capital contributions in acquisitions in advance of regulatory approval	-2,150,000	0	0
Advances to related parties	143,802	0	0
Note and interest receivable from related party - QuantX Management, LLP	-5,000,000	0	0
Repayment of note from related party - QuantX Management, LLP	2,750,000	2,250,000	0
Repayment of loan - related party	-81,700	0	0
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	-3,539,494	1,511,367	-241,236
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'
Advance from QuantX Management, LLP	44,791	0	0
Advance from EchoTrade, LLC	45,854	0	0
Proceeds from initial public offering of common stock, net of underwriting discount	0	26,017,625	0
Direct costs of initial public offering	0	-8,729,737	0
Purchase of treasury stock	0	-1,029,078	0
Proceeds from sales of common shares, net of offering costs	11,250,000	3,300,000	0
Proceeds from loans from related parties	0	750,000	0
Repayment of loans from related parties	0	-750,000	0
Due to related parties	0	0	107,766
Owner's capital contributions	0	0	350,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	11,340,645	19,558,810	457,766
Effect of exchange rate changes on cash	-990	-59,657	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	1,380,078	7,093,769	-306,707
CASH AND CASH EQUIVALENTS - Beginning	0	1,380,078	428,257
CASH AND CASH EQUIVALENTS - Ending	1,380,078	8,473,847	121,550
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:	'	'	'
Interest paid	2,810	4,068	0
Income taxes paid	0	0	0
NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Settlement of contingent consideration on Fundsolve acquisition	0	2,210,688	0
Founders contribution of Liquid Futures, LLC, May 2012	1,378,708	0	0
Issuance of common shares for the contribution of Liquid Trading Institutional LLP, June 2012	17,000	0	0
Capital contribution by Founders	1,511,969	0	0
Issuance of common shares in connection with the acquisition of Liquid Partners LLC, July 2012	8,755,000	0	0
Issuance of common shares in connection with the acquisition of Green Mountain Analytics, LLC, August 2012	19,973,374	0	0
Issuance of common shares in connection with the acquisition of LTI, LLC, September 2012	5,078,588	0	0
Contingent consideration on Fundsolve acquisition	1,561,000	0	0
Founders distribution for Liquid Futures, LLC	1,425,000	0	0
Founders distribution for Liquid Trading Holdings Limited	589,713	0	0
Issuance of common shares for the future contribution of Liquid Prime Services, Inc.	116,687	0	0
Founders distribution for Liquid Prime Services, Inc.	$970,000	$0	$0

Organization

Organization	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	(1) Organization
	Organization
	Liquid Holdings Group, Inc. (“LHG,” the “Company” or the “Successor Company”) was originally formed on January 17, 2012 as a Delaware limited liability company under the name Liquid Holdings Group, LLC with the intention of being the holding company to acquire and own a group of companies and ultimately pursue an initial public offering (“IPO”) in the United States. On July 24, 2013, the Company reorganized as a Delaware corporation and changed its name to Liquid Holdings Group, Inc. In connection with this reorganization, all of the outstanding common units of the Company were converted into shares of common stock of Liquid Holdings Group, Inc. at a ratio of 10,606.81 shares of common stock for each common unit. The accompanying financial statements have been revised to reflect the conversion of all common units and per unit amounts as if the conversion had occurred at the beginning of the periods presented. The Company’s Registration Statement, as filed with the Securities and Exchange Commission (“SEC”) on Form S-1, as amended (File No. 333-187859), became effective on July 25, 2013. On July 26, 2013, the Company’s common stock began trading on the NASDAQ Global Market under the ticker symbol “LIQD” in which 3,175,000 shares of its common stock were sold at a public offering price of $9.00 per share. The Company received net proceeds in the IPO of approximately $17.3 million after deducting underwriting discounts and commissions of approximately $2.6 million and offering related expenses of approximately $8.7 million.
	The Company is the successor control entity of the Liquid Predecessor Companies (collectively, the “Predecessor Company”), which was not a legal entity, but rather a combination of certain entities and operations formed to continue and expand the Liquid organization in developing and operating a proprietary next generation technology platform that streamlines and unifies the entire trade and risk management process for the financial services community. The individual entities that comprise the Predecessor Company include:
		§	Liquid Prime Holdings, LLC (“LPH”)
		§	Liquid Prime Services, Inc. (“LPS”)
		§	Liquid Trading Holdings Limited (“Guernsey”)
		§	Centurion Capital Group, LLC (“Centurion”)
	The Company’s subsidiaries that are included in the consolidation are:
		§	Liquid Futures, LLC (“Futures”)
		§	Liquid Trading Institutional LLP (“Institutional”)
		§	Liquid Partners, LLC formerly known as Centurion Capital Group, LLC and Centurion Trading Partners, LLC (collectively “Centurion”)
		§	Fundsolve Ltd. (“Fundsolve”)
		§	LHG Technology Services Ltd. (“Technology”)
		§	Liquid Prime Holdings, LLC (“LPH”)
		§	Liquid Technology Services, LLC (“LTS”) formerly known as Green Mountain Analytics, LLC (“GMA”)
		§	LTI, LLC (“LTI”)
	The Company commenced operations on April 24, 2012, the date the founders signed a limited liability agreement of the Company and agreed to contribute certain entities owned or controlled by them to the Company.
	The Company has had significant operating losses during the period from its inception on April 24, 2012, through the year ended December 31, 2013. The Company has managed its liquidity during this time through cost reduction initiatives and capital markets transactions. The Company anticipates that its existing capital resources, including availability under its $3.75 million Revolving Promissory Notes (see Note 16) from Brian Ferdinand, a director and one of the founders of the Company, and Douglas J. Von Allmen, a significant stockholder in the Company ($7.5 million in the aggregate), cash flows from operations, and cost reduction initiatives, will be adequate to satisfy its liquidity requirements through March 2015. If available liquidity is not sufficient to meet the Company’s operating obligations as they come due, management’s plans include pursuing alternative financing arrangements or further reducing expenditures as necessary to meet the Company’s cash requirements throughout March 2015. There is, however, no assurance that, if required, the Company will be able to raise additional capital, obtain additional alternative financing or reduce discretionary spending to provide the required liquidity.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Significant Accounting Policies [Text Block]	'
	(2) Summary of Significant Accounting Policies
	Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). All material intercompany accounts and transactions have been eliminated in consolidation.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets, liabilities, revenues and expenses. These significant estimates and assumptions include estimates of fair value of goodwill and intangibles with indefinite lives for purposes of impairment testing, estimates of useful lives of assets, estimates of impairment of long-lived assets, estimates of fair values of share-based payment arrangements, estimates of valuation allowances related to deferred tax assets, and estimates of contingent liabilities related to business acquisitions. Due to the inherent uncertainty involved with estimates, actual results may differ.
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
	Fair Value of Financial Instruments
	The Company uses a three-level classification hierarchy of fair value measurements that establishes the quality of inputs used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of financial instruments is determined using various techniques that involve some level of estimation and judgment, the degree of which is dependent on the price transparency and the complexity of the instruments.
	Concentration of Credit Risk
	Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company maintains its cash accounts with high quality financial institutions. Although the Company currently believes that the financial institutions, with which it does business, will be able to fulfill their commitments to it, there is no assurance that those institutions will be able to continue to do so.
	Property and Equipment
	Property and equipment are carried at cost and are depreciated using the straight-line method over the estimated useful lives of the assets (generally three to seven years). Leasehold improvements are carried at cost and are depreciated over the remaining term of the respective lease to which they relate.
	Goodwill and Other Intangible Assets
	Goodwill is the excess of the purchase price paid over identified intangible and tangible net assets acquired in a business combination. Intangible assets consist of trademarks, intellectual property, non-compete agreements, client relationships and acquired technology.
	The Company uses either the income, cost or market approach to aid in its conclusions of such fair values and asset lives. The income approach presumes that the value of an asset can be estimated by the net economic benefit to be received over the life of the asset, discounted to present value. The cost approach presumes that an investor would pay no more for an asset than its replacement or reproduction cost. The market approach estimates value based on what other participants in the market have paid for reasonably similar assets. Although each valuation approach is considered in valuing the assets acquired, the approach ultimately selected is based on the characteristics of the asset and the availability of information.
	Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Goodwill is reviewed for impairment at least annually, on July 31, or whenever events or changes in circumstances indicate the fair value of a reporting unit is less than its carrying amount. In evaluating goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If it is determined through the qualitative assessment that a reporting unit's fair value is more likely than not greater than its carrying value, the remaining impairment steps would not be necessary. If however it is determined through the qualitative assessment that a reporting unit's fair value is more likely than not less than its carrying value, the Company will perform a quantitative assessment and compare the fair value of the reporting unit to its carrying value. The quantitative assessment of goodwill impairment is a two-step test. Under the first step, the fair value of the reporting unit is compared with its carrying value (including goodwill). If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the entity must perform step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and the residual fair value after this allocation is the implied fair value of the reporting unit goodwill. Fair value of the reporting unit is determined using a discounted cash flow analysis. If the fair value of the reporting unit exceeds its carrying value, step two does not need to be performed.
	An intangible asset is recognized as an asset apart from goodwill if it arises from contractual or other legal rights or if it is separable (i.e., capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented or exchanged). Other intangible assets with definite lives are amortized over their expected useful lives. Other intangible assets with indefinite lives are assessed at least annually for impairment. In evaluating indefinite-lived intangible assets for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of the asset is less than its carrying amount. If it is determined through the qualitative assessment that an asset is impaired, then a quantitative impairment test is required to be performed. An impairment loss is calculated as the amount by which the carrying value of the intangible asset exceeds its estimated fair value.
	Business Combinations
	Assets acquired and liabilities assumed are recorded at their fair values on the date of acquisition. The cost to be allocated in a business combination includes consideration paid to the sellers, including cash and the fair values of assets acquired and liabilities assumed. Both direct (e.g., legal and professional fees) and indirect costs of the business combination are expensed as incurred. Certain agreements to acquire entities may include potential additional consideration that is payable, contingent on the acquired company maintaining or achieving specified earnings levels in future periods. The fair value of any contingent consideration would be recognized on the acquisition date with subsequent changes in that fair value reflected in income. The consolidated financial statements and results of operations reflect an acquired business from the date of acquisition.
	Deferred Offering Costs
	Deferred offering costs consist principally of legal and accounting fees incurred through the balance sheet date that were directly related to the Company’s IPO. Upon the successful completion of the IPO, all deferred offering costs were charged to stockholders’ equity.
	Revenue Recognition
	Software Revenues
	The Company derives revenue from providing software as a service for an online trading platform. There is no downloadable software, distribution or technology delivered to customers. Software is provided under a hosting arrangement. Revenue is accounted for as software as a service arrangement since the customer does not have the contractual right to take possession of the software at any time during the hosting period. The Company recognizes revenue for these software subscriptions when the following criteria have been met: (1) persuasive evidence of an arrangement exists; (2) delivery of the product has occurred; (3) the fee is fixed or determinable; and (4) collection is probable.
	In addition, on December 1, 2013, the Company started charging customers for market data services. Market data is trade-related data for a financial instrument reported by a trading venue, such as a stock exchange, which allows traders and investors to know the latest price and see historical trends for that financial instrument. The Company is not charging a profit on market data, rather it is passing on the cost it incurs from the market data provider, that it has contracted with to provide such data, to the customer.
	Brokerage Revenues
	On June 1, 2013, the Company ceased the over-the-counter brokerage operations of LPS and Futures. LPS and Futures will continue to be a component of the Company’s business strategy by facilitating the introduction of client assets to custody banking relationships.
	Prior to June 1, 2013, brokerage revenues were derived from LPS and Futures. LPS derived revenue from (1) the mark-up generated by brokers executing fixed income and equity transactions on a riskless principle basis, and (2) commissions generated by brokers executing equity trades on behalf of clients, which were settled with the client’s clearing firm. Futures derived revenue from commissions generated by (1) facilitating over-the-counter agency transactions on behalf of clients and (2) by broker’s executing exchange traded futures and options transactions on behalf of clients.
	The Company has received regulatory approval to combine LPS and Futures into a single entity (see Note 16).
	Share-Based Compensation
	The Company accounts for share-based compensation in accordance with ASC Topic 718, Compensation—Stock Compensation  (“ASC 718”). Under ASC 718, awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest resulting in a charge to operations over the requisite service period. For awards with graded vesting, the Company recognizes share-based compensation expense on a straight-line basis over the service period for each separately vesting portion of the award as if the award was, in substance, multiple awards.
	Income Taxes
	The Company is treated as a corporation for tax purposes. The Company accounts for income taxes under ASC Topic 740,  Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for the difference between the financial statement carrying value and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply on taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. A tax position that fails to meet a more-likely-than-not recognition threshold will result in either reduction of current or deferred tax assets and/or recording of current or deferred tax liabilities. Interest and penalties related to income taxes are recorded as income tax expense.
	Foreign Currency Translation
	Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing at the balance sheet date, and revenues and expenses are translated at average rates of exchange during the fiscal year. Gains or losses on translation of the financial statements of a foreign operation, where the functional currency is other than the U.S. dollar, together with the after-tax effect of exchange rate changes on intercompany transactions of a long-term investment nature, are reflected as a component of accumulated other comprehensive loss within stockholders’ equity. Gains or losses on foreign currency transactions are included in other general and administrative expenses in the consolidated statements of operations and comprehensive loss.
	Revisions
	Effective September 30, 2013, the Company corrected the presentation of certain expenses in its consolidated statements of operations and comprehensive loss.  After analyzing costs related to its software services business, it was determined that certain of these costs originally reported in Cost of revenues, should have been reported in other expense line items for the period from April 24, 2012 to December 31, 2012.  These revisions were retroactively applied as indicated in the table below:
		Period from April 24, 2012 to December 31, 2012
		As Reported		Adjustments		As Adjusted
	Cost of revenues, software services	$	690,190	$	-301,330	$	388,860
	Compensation		28,333,420		-48,000		28,285,420
	Professional fees		1,644,483		6,749		1,651,232
	Computer related and software development		71,467		342,581		414,048
	Effective September 30, 2013, the Company corrected the presentation of certain current assets in its consolidated balance sheets. Formerly, amounts for customer accounts receivable and short-term deposits were recorded in one account, Other receivable. The current classification records amounts for customer accounts receivable to a new account, Accounts receivable, while amounts for short-term deposits are recorded to Prepaid expenses and other current assets. This reclassification was retroactively applied to December 31, 2012 as indicated in the table below:
		December 31, 2012
		As Reported		Adjustments		As Adjusted
	Other receivable	$	1,637,075	$	-1,637,075	$	-
	Accounts receivable, net		-		467,507		467,507
	Prepaid expenses and other current assets		119,417		1,169,568		1,288,985
	Management believes that the current presentation is more transparent for the reader of its financial statements. Management does not believe that these revisions are material to the consolidated financial statements taken as a whole.
	Recently Issued Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which is effective prospectively for public companies for reporting periods beginning after December 15, 2012. This new accounting standard improves the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”) by requiring an entity to report the effect of significant reclassifications out of AOCI on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. The adoption of this new guidance did not have a material impact on the Company’s consolidated financial statements.
	In July 2013, the FASB issued Accounting Standards Update No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires an entity to present an unrecognized tax benefit and an NOL carryforward, a similar tax loss, or a tax credit carryforward on a net basis as part of a deferred tax asset, unless the unrecognized tax benefit is not available to reduce the deferred tax asset component or would not be utilized for that purpose, in which case a liability would be recognized. ASU 2013-11 will be effective for fiscal periods beginning after December 15, 2013, with early adoption permitted. The Company has evaluated the impact of the adoption of this pronouncement and determined that it will not have a material impact on its consolidated financial statements.
	The Company has assessed the potential impact of other recently issued, but not yet effective, accounting standards and determined that the provisions are either not applicable to the Company, or are not anticipated to have a material impact on its consolidated financial statements.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	(3) Fair Value Measurements
	Fair Value Hierarchy
	The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels:
		⋅	Level 1 Inputs: Unadjusted quoted prices for identical assets or liabilities in active markets accessible to the Company at the measurement date.
		⋅	Level 2 Inputs: Other than quoted prices included in Level 1, inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.
		⋅	Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.
	The fair value measurement level of an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The Company uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Transfers between levels of the fair value hierarchy are deemed to have occurred at the end of the reporting period.
	Determination of Fair Value
	The categorization of an asset or liability within the fair value hierarchy is based on the inputs described above and does not necessarily correspond to the Company’s management’s perceived risk of that asset or liability. Moreover, the methods used by management may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments and nonfinancial assets and liabilities could result in a different fair value measurement at the reporting date. Descriptions of the valuation methodologies, including the valuation techniques and the input(s) used in the fair measurements for assets and liabilities on a recurring and nonrecurring basis are itemized below.
	Contingent Consideration Payable
	The Company’s contingent consideration is classified as a liability, and was initially measured at fair value in accordance with FASB Accounting Standards Codification (“ASC”) Topic 805—Business Combinations Paragraph 30-25-5. The contingent consideration was remeasured at fair value at the end of each reporting period until the contingency was resolved, which occurred upon the Company’s IPO, with any changes in fair value recognized in earnings. The Company utilized a market approach to determine fair value and relied on Level 3 inputs prior to the IPO. These fair value measurements were, therefore, considered Level 3 measurements. Unobservable inputs, prior to the IPO, consisted of valuations based upon transactions in the Company’s common units, the discount for lack of marketability, the cost of equity and estimates of the probability of an IPO occurring by a certain date. Subsequent to the IPO, the contingent consideration was valued using Level 1 measurements up to the date the liability was settled.
	Intangible Assets
	Intangible assets and long-lived assets held and used are measured at fair value in accordance with ASC Subtopic 360-10, Property, Plant, and Equipment—Overall, if a step 2 test is required. To estimate the fair value of long-lived assets held and used, the income, market, and cost approaches to value are considered. The selected approach(es) is (are) based on the specific attributes of the long-lived asset. Property, plant, and equipment is typically valued using a cost approach, while intangible assets are usually valued with an income approach. Although Level 1 and 2 inputs may be available for certain inputs to the valuation approach, reliance on Level 3 inputs is generally required and the fair value measurements are, therefore, considered Level 3 measurements. Unobservable inputs usually consist of discount rates, customer attrition rates, growth rates, royalty rates, contributory asset charges and profitability assumptions.
	Goodwill
	Goodwill is tested annually for impairment each July in accordance with ASC Topic 350—Intangibles-Goodwill and Other. Step 1 entails a comparison of the fair value of the recoverable amount of each reporting unit to its carrying amount. An income approach is used to derive the fair value of each reporting unit. Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. Unobservable inputs include discount rates, growth rates and prospective financial information.
	Recurring Fair Value Measurements
	The following table presents, for each level within the fair value hierarchy, the Company’s recurring fair value measurements for assets and liabilities:
					Fair Value Measurement Using
			December 31, 2012		Level 1		Level 2		Level 3
	Contingent consideration payable		$	1,561,000	$	-	$	-	$	1,561,000
	The Company had no recurring fair value measurements at December 31, 2013.
	Non-Recurring Fair Value Measurements
	The following table presents, for each level within the fair value hierarchy, the Company’s non-recurring fair value measurements:
					Fair Value Measurement Using
			December 31, 2012		Level 1		Level 2		Level 3
	Other intangible assets		$	18,740,125	$	-	$	-	$	18,740,125
	Goodwill			13,182,936		-		-		13,182,936
			$	31,923,061	$	-	$	-	$	31,923,061
	The Company had no non-recurring fair value measurements at December 31, 2013.
	Transfers between Level 1 and Level 2
	There were no transfers of financial assets or liabilities between Level 1 and Level 2, or between Level 2 and Level 3 during the years ended December 31, 2013 and 2012.
	Reconciliation of Recurring Fair Value Measurements within Level 3
	The following table presents a summary of changes in the fair value of the Company’s Level 3 liabilities:
			Contingent Consideration Payable
			December 31, 2013		December 31, 2012
	Opening Balance		$	1,561,000	$	-
	Transfers into Level 3			-		-
	Transfers out of Level 3			-		-
	Total gains or losses for the period included in earnings:
	Realized (gains) losses			649,688		-1,545,000
	Unrealized (gains) losses			-		-129,000
	Purchases, issues, sales and settlements:
	Purchases			-		-
	Issues			-		11,990,000
	Sales			-		-
	Settlements			-2,210,688		-8,755,000
	Closing balance		$	-	$	1,561,000
	Change in unrealized gains and losses for the period included in earnings at period end		$	-
	Financial Assets and Financial Liabilities not Measured at Fair Value
	The following table summarizes the carrying amount and estimated fair value of the Company’s financial assets that are not measured at fair value either on a recurring or nonrecurring basis:
					Estimated Fair Value
	December 31, 2013		Carrying Amount		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents		$	8,473,847	$	8,473,847	$	-	$	-	$	8,473,847
					Estimated Fair Value
	December 31, 2012		Carrying Amount		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents		$	1,380,078	$	1,380,078	$	-	$	-	$	1,380,078
	Note receivable from related party		$	2,250,000	$	-	$	-	$	2,255,000	$	2,255,000
	The following is a description of the principal valuation methods used by the Company for those financial assets that are not measured at fair value either on a recurring or non-recurring basis:
	Cash and Cash Equivalents
	The carrying amount of cash and cash equivalents approximates fair value.
	Note Receivable from Related Party
	In estimating the fair value of the note receivable from a related party, the Company used a discounted cash flow model. Fair value is estimated by discounting the anticipated cash flows from the loans, assuming future prepayments and using market interest rates for new loans with comparable credit risk.

Property_and_Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	(4) Property and Equipment
	The following is a summary of property and equipment:
		December 31, 2013		December 31, 2012
	Computer equipment and software	$	255,814	$	11,198
	Furniture and fixtures		229,618		276,416
	Leasehold improvements		662,638		121,823
			1,148,070		409,437
	Less: accumulated depreciation and amortization		-280,312		-84,152
	Total	$	867,758	$	325,285
	Depreciation expense was $205,171 for the year ended December 31, 2013 and $19,185 for the period from April 24, 2012 to December 31, 2012. Depreciation expense of the Predecessor Company was $6,912 for the period from January 1, 2012 to April 24, 2012.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	(5) Goodwill and Other Intangible Assets
	Acquired Intangible Assets
					December 31, 2013							December 31, 2012
			Amortization		Gross			Accumulated		Net Carrying		Gross		Accumulated		Net Carrying
			period		Carrying			Amortization		Amount		Carrying		Amortization		Amount
					Amount							Amount
	Amortizable Intangible Assets:
	Software and trading platform		3 years		$	19,374,098		$	-8,735,318	$	10,638,780	$	19,374,098	$	-2,244,378	$	17,129,720
	Customer relationships(1)		3 years			1,261,000			-595,472		665,528		1,261,000		-175,140		1,085,860
	Non-compete agreements(1)		Life of agreement, 24 months			646,000			-646,000		-		646,000		-323,000		323,000
	Total				$	21,281,098		$	-9,976,790	$	11,304,308	$	21,281,098	$	-2,742,518	$	18,538,580
	Indefinite-Lived Intangible Assets:
	Broker licenses		N/A		$	163,000		$	-	$	163,000	$	163,000	$	-	$	163,000
	Patents pending		N/A			36,545			-		36,545		36,545		-		36,545
	Trade names		N/A			2,000			-		2,000		2,000		-		2,000
	Total				$	201,545		$	-	$	201,545	$	201,545	$	-	$	201,545
		-1	Gross and net carrying amounts were reduced by $86,000 in total due to impairment during the period from April 24, 2012 to December 31, 2012.
	Total amortization expense for intangible assets was $7,201,891 for the year ended December 31, 2013 and $2,742,518 for the period from April 24, 2012 to December 31, 2012. As of December 31, 2013, the future estimated amortization expense related to amortizable intangible assets is expected to be as follows:
	2014			6,866,252
	2015			4,438,056
			$	11,304,308
	There was no amortization expense of the Predecessor Company for the period from January 1, 2012 to April 24, 2012.
	Goodwill
	The Company performed its annual goodwill impairment test in July 2013. The Company performed a qualitative assessment of each reporting unit and determined that is was not more-likely-than-not that the fair value of each reporting unit was less than its carrying amount. As a result, the two-step goodwill impairment test was not required.
	During the period from April 24, 2012 to December 31, 2012, the Company determined that it was necessary to evaluate the goodwill and related identifiable intangible assets of Partners, acquired on May 12, 2012, for impairment as a result of the decrease in the contingent consideration payable. The Company performed an analysis to determine the fair value of Partners in July 2012 and concluded that the carrying amount of goodwill exceeded its fair value and recognized an impairment charge of $1,464,652 in the consolidated statements of operations and comprehensive loss.
	The changes in the carrying amount of goodwill for the year ended December 31, 2013 and the period ended December 31, 2012 are as follows:
			2013			2012
	Balances as of January 1:
	Gross goodwill		$	14,647,588		$	-
	Accumulated impairment losses			-1,464,652			-
	Net goodwill as of January 1			13,182,936			-
	Goodwill acquired during the year			-			14,647,588
	Impairment loss			-			-1,464,652
	Balances as of December 31:
	Gross goodwill			14,647,588			14,647,588
	Accumulated impairment losses			-1,464,652			-1,464,652
	Net goodwill as of December 31		$	13,182,936		$	13,182,936

Certain_Relationships_and_Rela

Certain Relationships and Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	(6) Certain Relationships and Related Party Transactions
	Amounts recognized from transactions with related parties in the accompanying consolidated balance sheets are as follows:
		December 31, 2013		December 31, 2012
	Assets:
	Note receivable from QuantX Management, LLP	$	-	$	2,250,000
	Due from QuantX Management, LLP	$	243,030	$	243,030
	Due from Ferdinand Capital		116,000		116,000
	Due from shareholder		300,000		-
	Total due from related parties	$	659,030	$	359,030
	Liabilities:
	Due to related parties	$	-	$	61,873
	Total due to related parties	$	-	$	61,873
	Note Receivable from QuantX Management, LLP
	In June 2012, the Company entered into a demand promissory note with Liquid Trading Int’l LLP, which changed its name to QuantX Management, LLP (“QuantX”) effective January 22, 2013. The note, in the principal amount of $5,000,000, was payable upon demand, but in no event no later than May 15, 2013. The note bore interest at a rate of 3% per annum which was payable upon demand. At December 31, 2013 and 2012, there was no accrued interest receivable included in Prepaid expenses and other current assets in the accompanying consolidated balance sheets. QuantX repaid an aggregate of $2,750,000 of principal during the period from April 24, 2012 to December 31, 2012, with the remaining principal balance of $2,250,000 repaid during the first quarter of 2013. Total interest received over the life of the loan was $74,416. QuantX is a multi-strategy principal-only trading firm with which the founders of the Company are affiliated.
	Due from QuantX Management, LLP
	During 2012, the Company provided payments to GMA on behalf of QuantX in relation to the development of LiquidView, a software tool which forms a component of the Company’s accounting technology platform. In addition, Partners received payments from QuantX to facilitate the payment of operating expenses. LTI also advanced funds to QuantX for various expenses prior to being acquired by the Company. These payments netted to a total of $243,030, and are included in Due from related parties in the accompanying consolidated balance sheets at December 31, 2013 and 2012.
	On March 15, 2014, the Company executed a three-year term note with QuantX Management, LLP in the principal amount of $243,030. The note bears interest at the rate of 4% per annum, with monthly payments of principal and interest totaling $7,175. The note shall be payable in full on March 15, 2017.
	Due from Ferdinand Capital
	LTI advanced $116,000 to Ferdinand Capital during 2011. This amount is included in Due from related parties in the accompanying consolidated balance sheets at December 31, 2013 and 2012. Ferdinand Capital is an entity owned by one of the founders of the Company.
	On March 15, 2014, the Company executed a one-year term note with Ferdinand Capital in the principal amount of $116,000. The note bears interest at the rate of 4% per annum, with monthly payments of principal and interest totaling $9,877. The note shall be payable in full on March 15, 2015.
	Due from Stockholder
	A security deposit for office space that was leased by one of the entities acquired by the Company was inadvertently refunded to a stockholder of the Company who was also a principal of the acquired entity. The security deposit should have been refunded to the Company and, as such, a receivable has been recorded from the stockholder.
	On March 15, 2014, the Company executed a five-year term note with the stockholder in the principal amount of $300,000. The note bears interest at the rate of 3% per annum, with monthly payments of principal and interest totaling $5,390. The note shall be payable in full on March 15, 2019.
	Due to Related Parties
	Partners and LHG incurred expenses that were paid by entities owned by one of the founders. These payments, net of any amounts repaid by the Company, totaled $0 and $61,873 at December 31, 2013 and 2012, respectively, and are included in Due to related parties in the accompanying consolidated balance sheets.
	Loans Payable to Founders
	On June 13, 2013, Richard Schaeffer, one of the founders and a former member of the Company’s Board of Directors, loaned the Company $250,000 to be payable in full on December 13, 2013. The loan bore interest on the unpaid principal balance at a rate of 4% per annum until the earlier of payment in full or December 13, 2013. The proceeds of the loan were used for general working capital requirements of the Company. On August 1, 2013, the Company repaid the principal balance of the loan in full. The amount of interest paid on the loan totaled $1,370.
	On July 1, 2013, Ferdinand Holdings, LLC, a Delaware limited liability company of which Mr. Ferdinand is the managing member, loaned the Company $250,000 to be payable in full on December 31, 2013. The loan bore interest on the unpaid principal balance at a rate of 4% per annum until the earlier of payment in full or December 31, 2013. The proceeds of the loan were used for general working capital requirements of the Company. On August 1, 2013, the Company repaid the principal balance of the loan in full. The amount of interest paid on the loan totaled $877.
	Other Related Party Relationships
	Certain officers and directors of the Company were also officers and directors of certain entities acquired by the Company or entities with which the Company has business relationships.
	On July 11, 2013, Thomas Ross, a member of the Company’s Board of Directors, loaned the Company $250,000 to be payable in full on January 10, 2014. The loan bore interest on the unpaid principal balance at a rate of 4% per annum until the earlier of payment in full or January 10, 2014. The proceeds of the loan were used for general working capital requirements of the Company. On August 1, 2013, the Company repaid the principal balance of the loan in full. The amount of interest paid on the loan totaled $603.
	On October 1, 2013, the Company entered into a four-month sublease agreement for office space in Hoboken, New Jersey which was subsequently converted to a five-year lease agreement, effective February 1, 2014. The sublease and lease agreements were entered into with an entity that the Company’s Chief Executive Officer and General Counsel have an interest in, and are members of that entity’s board of directors (see Note 7).

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	(7) Commitments and Contingencies
	Legal Matters
	The Company may periodically be involved in litigation and various legal matters, including proceedings relating to regulatory matters. Such matters are subject to many uncertainties and outcomes that are not predictable.
	In November 2012, a former employee of the Company filed a complaint in the United States District Court for the Southern District of New York against the Company, Richard Schaeffer (a founder of the Company), Brian Ferdinand (a founder of the Company) and entities controlled by Mr. Schaeffer. Among other claims, the complaint alleged breach of contract, breach of fiduciary duty and workplace violations. On April 30, 2013, a Settlement Agreement and Release (the “Settlement Agreement”) was executed among all parties. The Settlement Agreement called for consideration in the amount of $1 million to be paid as follows: $250,000 at the time of execution of the Settlement Agreement and the remaining $750,000 paid within 90 days from said execution. On April 30, 2013, the Company paid $250,000, its apportionment of the settlement amount. On July 26, 2013, Mr. Schaeffer paid the remaining $750,000 in accordance with the Settlement Agreement.
	The Company is a defendant in an action filed on July 23, 2013 in the Supreme Court of The State of New York by two individuals (the “OTC Parties”) who were involved in the establishment and operation of the over-the-counter brokerage operations of LPS and Futures, which ceased operating on June 1, 2013. Also named as defendants are one of the Company’s subsidiaries, LPH, and the Company’s Vice Chairman and Head of Corporate Strategy, Brian Ferdinand (together with the Company and LPH, the “Liquid Defendants”). The complaint alleges fraudulent inducement, breach of contract and unjust enrichment and seeks specified damages of up to $3 million and other compensatory and punitive damages in an amount to be determined at trial, as well as such other further relief as the court deems just, proper and equitable under the circumstances. On September 13, 2013, the Liquid Defendants filed a motion to dismiss the complaint against all of the defendants on a number of grounds. Oral argument on the motion is scheduled for March 2014. On October 3, 2013, the Company filed suit against the OTC Parties on the grounds that that their use of the name “LPS Partners Inc.” for their new company is improper and will confuse LPS’s customers. The OTC Parties have answered the complaint and denied the allegations.
	The Company believes that the claims alleged by the OTC Parties are without merit, and intends to defend any such claims vigorously. At this point, the Company is unable to develop a meaningful estimate of reasonably possible loss in connection with these claims due to a number of factors, including (i) the early stage of the matter, (ii) the uncertainty as to the outcome of the pending motion to dismiss, and (iii) the presence of significant factual issues that would need to be resolved. Legal proceedings are inherently uncertain, and we cannot assure you that an adverse decision in this dispute would not have a material adverse effect on the Company’s business, financial condition, liquidity or results of operations. Furthermore, the Company does not expect its directors’ and officers’ insurance carrier to compensate the Company for losses relating to this dispute.
	The Company is not currently subject to any other pending or, to its knowledge, threatened legal proceedings that it expects could have a material impact on its consolidated financial statements.
	Lease Commitments
	The Company has entered into lease and sublease agreements with third parties for certain offices and equipment, which expire at various dates through December 2023. Rent expense of the Successor Company for the year ended December 31, 2013 and period from April 24, 2012 to December 31, 2012 was $1,211,693 and $629,400, respectively. Rent expense of the Predecessor Company for the period from January 1, 2012 to April 24, 2012 was $153,081. These amounts are recorded as Rent in the accompanying consolidated statements of operations.
	The Company recognizes rent expense for escalation clauses, rent holidays, leasehold improvement incentives and other concessions using the straight-line method over the minimum lease term.
	At December 31, 2013, minimum future rental commitments under non-cancellable operating leases are as follows:
	Year Ending December 31,
	2014	$	1,141,353
	2015		1,152,144
	2016		1,186,939
	2017		1,222,782
	2018		1,263,047
	Thereafter		6,090,443
	Total	$	12,056,708
	On August 12, 2013, the Company, entered into a lease agreement (the “Lease”), effective December 6, 2013, for approximately 13,200 rentable square feet of office space located in New York. The Company is using a portion of the leased premises as its new corporate headquarters (the “HQ Space”), replacing the Company’s existing headquarters in the same building, and the remainder (the “BD/IB Space”) as offices for Prime and Futures, the Company’s broker dealer and introducing broker subsidiaries, respectively. The initial base rent under the Lease will be $85,364 per month, increasing at 3% per annum. In addition to the base rent, the Company will be responsible for certain costs and charges identified in the Lease, including certain utility expenses, real estate taxes, insurance and operating costs. The term of the Lease for the HQ Space and the BD/IB Space will end ten and six years after the effective date of the Lease, respectively.
	On October 1, 2013, the Company entered into a four-month sublease agreement (the “Sublease”) at a monthly rate of $23,247 for approximately 7,200 square feet of office space in Hoboken, New Jersey to be used for certain back-office operations. The Sublease included a transfer to the Company of the existing equipment located in the space and an agreement to allow the sublessor to use a portion of the space not being used by the Company for up to nine months.  The Sublease was entered into with an entity that the Company’s Chief Executive Officer and General Counsel have an interest in, and are members of that entity’s board of directors. In March 2014, the Company entered into a new, five-year lease (the “Hoboken Lease”) for the same space with an effective commencement date of February 1, 2014. The initial base rent under the Hoboken Lease will be $23,550 per month increasing to $24,153 per month on August 1, 2016. In addition to the base rent, the Company will be responsible for certain costs and charges identified in the Hoboken Lease, including certain utility expenses, real estate taxes, insurance and operating costs. As long the Company has no instances of default under the terms of the Hoboken Lease, the base rent will be waived for the period from February 1, 2014 to June 30, 2014. The future minimum rental commitments under the Hoboken Lease are not included in the above table as the lease had not commenced as of December 31, 2013.

ShareBased_Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2013
Share-based Compensation [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	(8) Share-Based Compensation
	On April 5, 2013, the Company’s Board of Directors approved the 2012 Amended and Restated Stock Incentive Plan (“2012 Amended Incentive Plan”). Subject to adjustment for certain dilutive or related events, the maximum number of shares that may be issued under this amended plan shall not exceed the number of shares equal to 15% of the total number of common shares of the Company outstanding as of April 5, 2013.
	The Company currently intends to use authorized and unissued shares to satisfy share award exercises.
	At December 31, 2013, there were 1,078,667 additional shares available for the Company to grant under the 2012 Amended Incentive Plan.
	Restricted Stock Units
	The Company recognizes compensation expense on restricted stock units (“RSUs”) based on the grant date fair value per share over the applicable vesting period. The Company determines the fair value of RSUs granted based on the closing market price of the shares underlying the awards on the grant date. Prior to the Company’s IPO, fair value was determined with consideration given to valuation analyses performed by an unrelated third party valuation specialist retrospectively, utilizing a market approach based on third party purchases of the Company’s shares.
	The following table summarizes the activity of non-vested RSUs granted under the 2012 Amended Incentive Plan:
						Period from
		Year Ended December 31, 2013				April 24, 2012 to December 31, 2012
				Weighted Average			Weighted Average
				Grant Date			Grant Date
	Non-vested shares	Shares		Fair Value		Shares	Fair Value
	Balance at beginning of period	760,033		$	7.54	-	$	-
	Granted	1,077,560			7.82	760,033		7.54
	Vested	-605,839			7.57	-		-
	Forfeited	-			-	-		-
	Balance at end of period	1,231,754		$	7.77	760,033	$	7.54
	At December 31, 2013, there was $7,288,219 of total unrecognized compensation costs related to non-vested RSUs granted under the 2012 Amended Incentive Plan. This cost is expected to be recognized during 2014 through 2016. The total fair value of shares vested during the year ended December 31, 2013 was $4,584,314.
	Non-Qualified Stock Options
	The Company recognizes compensation expense on non-qualified stock options (“NQSOs”) based on the grant date fair value per share over the applicable vesting period. The Company determines the fair value of NQSOs granted using the Black-Scholes valuation model measured at the grant date.
	The Black-Scholes fair value of each NQSO grant was calculated using the following assumptions:
	Dividend yield	0	%
	Expected volatility	50	%
	Risk-free interest rate	1.7	%
	Expected term (years)	6
	The following table summarizes the activity of NQSOs granted under the 2012 Amended Incentive Plan:
		Year Ended December 31, 2013
				Weighted Average
		Shares		Exercise Price
	Balance at beginning of period	-		$	-
	Granted	420,505			9
	Exercised	-			-
	Forfeited	-			-
	Balance at end of period	420,505		$	9
	Exercisable at end of period	12,798		$	9
	Remaining weighted average contractual life of exercisable options (years)				9.6
	Aggregate intrinsic value			$	-
	At December 31, 2013, there was $1,425,110 of total unrecognized compensation costs related to NQSOs granted under the 2012 Amended Incentive Plan. This cost is expected to be recognized during 2014 through 2016. The total fair value of shares vested during the year ended December 31, 2013 was $56,094.

Registration_Rights_Penalty

Registration Rights Penalty	12 Months Ended
	Dec. 31, 2013
Registration Rights Penalty [Abstract]	'
Registration Rights Penalty [Text Block]	'
	(9) Registration Rights Penalty
	On July 21, 2012, HA Investment, an entity controlled by Douglas J. Von Allmen, executed a subscription agreement in the amount of $12,500,000 in exchange for 1,239,986 common shares equal to 7.14% of the aggregate issued and outstanding common shares of the Company at such date. HA Investment wired the funds to the Company on April 24, 2012 (the “Wire Date”). The Company paid a finder’s fee associated with this capital contribution of 10% or $1,250,000, which was recorded as a reduction in capital contributed.
	Pursuant to the agreement, in the event that an IPO of the Company’s shares had not been consummated prior to October 24, 2012, (the 6-month anniversary of the Wire Date), HA Investment was entitled to additional shares equal to 8.06%, 8.23% and 8.33% of the aggregate issued and outstanding common shares of the Company on October 24, November 24 and December 24, 2012, respectively. As a result of the IPO not occurring prior to December 24, 2012, the Company reflected the issuance of 242,020 additional common shares valued at $1,674,704 in the accompanying consolidated statements of stockholders’ equity at December 31, 2012 and a related charge to registration rights penalty in the accompanying consolidated statements of operations and comprehensive income (loss) for the period from April 24, 2012 to December 31, 2012.

Gain_Loss_on_Settlement_of_Con

Gain (Loss) on Settlement of Contingent Consideration Payable	12 Months Ended
	Dec. 31, 2013
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
	(10) Gain (Loss) on Settlement of Contingent Consideration Payable
	In connection with the July 2012 acquisition of Fundsolve, the sellers of Fundsolve were to receive an aggregate of 1% of the issued equity capital of the Company upon (i) the IPO or admission to trading on any stock exchange of the Company or (ii) January 1, 2014. The Company recorded a contingent consideration payable in the amount of $1,690,000 representing the fair value of Fundsolve’s assets and liabilities on the acquisition date. At December 31, 2012, the contingent consideration payable was remeasured and, as a result, the Company recorded an unrealized gain of $129,000 in the accompanying consolidated statements of operations and comprehensive loss for the period from April 24, 2012 to December 31, 2012. Upon the IPO, the Company issued 245,632 common shares, valued at $2,210,688, to the sellers of Fundsolve as satisfaction of the contingent consideration payable and, as a result, recorded a realized loss of $649,688 in the accompanying consolidated statements of operations and comprehensive loss for the year ended December 31, 2013.
	Upon the acquisition of Liquid Partners, LLC, the Company recorded an obligation to the former members of Centurion in the amount of $8,331,000 for the future obligation payable upon IPO and $1,969,000 of contingent common shares payable, resulting in an aggregate liability of $10,300,000. On July 21, 2012, the acquisition agreement was amended to accelerate the share issuance contemplated in the original agreement. As a result, the Company issued 951,432 shares of common stock, equivalent to 7.60% of its aggregate issued and outstanding common stock at such date, to the selling members of Centurion for the purchase price and eliminated all prior purchase price measurements and the contingent consideration. The Company determined the fair value of the 951,432 common shares issued to be $8,775,000. As a result of this amendment, the Company eliminated the prior liabilities due to the selling members and recorded a gain on settlement of the contingent consideration payable of $1,545,000 in the accompanying consolidated statements of operations during the period from April 24, 2012 through December 31, 2012.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	(11) Income Taxes
	The Company is subject to federal, New York State, New York City and other state tax jurisdictions. The Company’s initial corporate tax returns will be filed for the year ended December 31, 2013.
	As discussed in Note 1, on July 24, 2013 the Company reorganized as a Delaware corporation from a limited liability company in connection with its IPO. The change in tax status required the Company to revalue its deferred tax assets and liabilities at current corporate federal and state income tax rates. Prior to July 24, 2013, the Company, as a limited liability company, was treated as a partnership for federal and state income tax purposes. Accordingly, no provision had been made for Federal and state income taxes during this period, since all items of income or loss were required to be reported on the income tax returns of the members, who are responsible for any taxes thereon. The Company was, however, subject to the New York City Unincorporated Business Tax of 4%.
	The loss before income taxes is as follows:
					Period from
		Year Ended			April 12, 2012 to
		December 31, 2013			December 31, 2012
	Loss before income taxes	$	-47,309,307		$	-38,350,204
	The provision for current and deferred income taxes consists of the following:
					Period from
		Year Ended			April 12, 2012 to
		December 31, 2013			December 31, 2012
	Income tax provision:
	Current:
	U.S. federal	$	-		$	-
	U.S. state and local		-			-
	Total current income taxes		-			-
	Deferred:
	U.S. federal		-555,317			-
	U.S. state and local		-141,943			-104,340
	Total deferred income taxes		-697,260			-104,340
	Total provision for income taxes	$	-697,260		$	-104,340
	A reconciliation of the statutory U.S. federal tax rate to the Company’s effective tax rate is as follows:
				Period from
		Year Ended		April 12, 2012 to
		December 31, 2013		December 31, 2012
	Statutory U.S. federal tax rate	35	%	35	%
	Change in tax status	-26.29	%	-35	%
	State and local taxes, net of U.S. federal tax effect	0.2	%	4	%
	Permanent differences	-0.4	%	-3.06	%
	Valuation allowance	-7.03	%	-0.7	%
	Other, net	-0.01	%	0.03	%
	Effective tax rate	1.47	%	0.27	%
	The effects of temporary differences that gave rise to the Company’s deferred tax assets and liabilities were as follows:
		December 31, 2013			December 31, 2012
	Current deferred tax assets:
	Property and equipment	$	87,970		$	-
	Share-based compensation		1,315,836			-
	Deferred compensation		335,562			-
	Deferred rent		9,040			-
	Net operating loss carryforwards		1,057,135			267,000
	Total current deferred tax assets		2,805,543			267,000
	Less: Valuation allowance		-2,489			-267,000
	Net current deferred tax assets		2,803,054			-
	Current deferred tax liabilities:
	Intangible amortization		-2,803,054			-268,160
	Net current deferred tax liabilities		-2,803,054			-268,160
	Net current deferred tax assets (liabilities)	$	-		$	-268,160
	Non-current deferred tax assets:
	Property and equipment	$	16,224		$	-
	Share-based compensation		875,891			-
	Net operating loss carryforwards		4,514,400			-
	Total non-current deferred tax assets		5,406,515			-
	Less: Valuation allowance		-3,589,656			-
	Net non-current deferred tax assets		1,816,859			-
	Non-current deferred tax liabilities:
	Intangible amortization		-1,816,859			-420,323
	Property and equipment		-			-8,777
	Net non-current deferred tax liabilities		-1,816,859			-429,100
	Net non-current deferred tax assets (liabilities)	$	-		$	-429,100
	The Company analyzed the recoverability of recorded deferred tax assets and established a valuation allowance of approximately $3.6 million. This represents a change in the valuation allowance of approximately $3.3 million.
	As of December 31, 2013, the Company has a federal net operating loss carryover (“NOL”) of approximately $12.6 million. This NOL will expire in 2033.
	The Company does not have any current income taxes payable or receivable and there have been no cash payments for income taxes.
Management believes there are no tax positions requiring recognition or disclosure under ASC Topic 740-10—Accounting for Uncertainty in Income Taxes.
The Company’s policy for recording interest and penalties associated with audits is to record such expenses as a component of income tax expense. There were no amounts accrued for interest or penalties for the year ended December 31, 2013 and the period from April 12, 2012 to December 31, 2012. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.

Computation_of_Loss_per_Share

Computation of Loss per Share	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	(12) Computation of Loss per Share
	Basic loss per share (“LPS”) is computed by dividing net loss by the weighted average number of shares outstanding during the period. Diluted LPS is computed using the same method as basic LPS, however, the computation reflects the potential dilution that would occur if outstanding in-the-money share awards were exercised and converted into common shares.
				Period from
		Year Ended		April 24, 2012 to
		December 31, 2013		December 31, 2013
	Net loss	$	-46,612,047	$	-38,245,864
	Loss applicable to common shares	$	-46,612,047	$	-38,245,864
	Weighted average common shares outstanding		22,230,943		15,517,444
	Basic and diluted loss per common share	$	-2.1	$	-2.46
	The calculation of diluted LPS excludes the effect of RSUs and NQSOs because they were determined to be anti-dilutive and, therefore, diluted LPS is the same as basic LPS.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	(13) Stockholders’ Equity
	Expenses Paid by Founders and Employees
	On January 9, 2013, one of the founders of the Company sold 43,577 common shares to a strategic partner of the Company for a purchase price of $300,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $338,102.
	On January 15, 2013, one of the founders of the Company sold 90,786 common shares to a member of the Company’s Board of Directors for a purchase price of $375,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $702,622.
	On February 28, 2013, two of the founders of the Company sold 18,193 common shares to a consultant for a purchase price of $100,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $140,250.
	On March 12, 2013, two of the founders of the Company sold 46,096 common shares to a consultant for a purchase price of $250,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $350,626.
	On May 1, 2013, the founders of the Company transferred 541,901 common shares to David Solimine and Orca Trading LLC as consideration for his previous commitment to the development and growth of the Company. The Company estimated the fair value of the common shares transferred utilizing the market approach, which amounted to $3,973,750.
	On May 10, 2013, a founder of the Company transferred 191,616 common shares to another founder of the Company for no monetary consideration. The Company estimated the fair value of the common shares transferred utilizing the market approach, which amounted to $1,445,000.
	On May 13, 2013, a founder of the Company sold 61,317 common shares to a consultant for a purchase price of $400,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $462,400.
	On May 14, 2013, a founder of the Company sold 766,466 common shares to Brian Storms, the Company’s CEO, for a purchase price of $5,000,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $5,780,000.
	On May 14, 2013, a founder of the Company sold 47,904 common shares to a member of the Company’s Board of Directors for a purchase price of $312,500. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $361,250.
	On May 14, 2013, a founder of the Company, Mr. Storms and three employees transferred 104,431 common shares to D&L Partners for no monetary consideration. The Company estimated the fair value of the common shares transferred utilizing the market approach, which amounted to $787,525.
	On May 14, 2013, a founder of the Company sold 70,898 common shares to a consultant for a purchase price of $500,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $534,650.
	On May 15, 2013, a founder of the Company sold 191,616 common shares to D&L Partners for a purchase price of $1,350,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $1,445,000.
	On May 16, 2013, a founder of the Company sold 15,329 common shares to a consultant for a purchase price of $100,000. The Company estimated the fair value of the common shares sold utilizing the market approach, which amounted to $115,600.
	On May 29, 2013, two of the founders of the Company transferred 95,808 common shares to a consultant for no monetary consideration. The Company estimated the fair value of the common shares transferred utilizing the market approach, which amounted to $722,500.
	On June 20, 2013, a founder of the Company transferred 191,558 common shares to another founder of the Company for no monetary consideration. The Company estimated the fair value of the common shares transferred utilizing the market approach, which amounted to $1,445,000.
	On June 24, 2013, two of the founders of the Company transferred 67,035 shares to a consultant for no monetary consideration. The Company estimated the fair value of the common shares transferred utilizing the market approach, which amounted to $505,750.
	As a result of these below market sales, the Company recorded share-based compensation expense of approximately $10.4 million during the year ended December 31, 2013, representing the difference between the aggregate fair value and the purchase price.
	The foregoing transactions were accounted for in accordance with ASC Paragraph 225-10-S99-4, Presentation, Income Statement—Accounting for Expenses or Liabilities Paid by Principal Stockholder(s) and ASC Paragraph 718-10-15-4, Compensation—Stock Compensation. This guidance provides that share-based payments awarded to an employee of the reporting entity by a related party or other holder of an economic interest in the entity as compensation for services provided to the entity are share-based payment transactions unless the transfer is clearly for a purpose other than compensation for services to the reporting entity. The substance of such a transaction is that the economic interest holder makes a capital contribution to the reporting entity, and the reporting entity makes a share-based payment to its employee in exchange for services rendered. As such, the value of the shares transferred by the founders and employees were reflected as an expense in the Company’s consolidated statements of operations and comprehensive loss with a corresponding credit to contributed capital.
	Private Placements
	During the year ended December 31, 2013, the Company executed subscription agreements with private investors in the aggregate amount of $3,300,000 in exchange for 394,098 common shares of the Company. The capital raised is being used for operations and to fund the Company’s working capital.
	On April 5, 2013, the Company issued to D&L Partners, LP (“D&L Partners”), an entity controlled by Douglas Von Allen, an additional 720,498 common shares of the Company in consideration of D&L Partners’ continued financial support and commitment to the development and growth of the Company. The Company estimated the fair value of the common shares issued utilizing the market approach, which amounted to approximately $5.3 million. The Company recorded a share-based payment charge of approximately $5.3 million during the year ended December 31, 2013 as a result of this transaction.

Net_Capital_Requirement

Net Capital Requirement	12 Months Ended
	Dec. 31, 2013
Regulatory Capital Requirements [Abstract]	'
Net Capital Requirement [Text Block]	'
	(14) Net Capital Requirement
	Effective March 26, 2013, Futures changed its regulatory status from a non-clearing FCM to an introducing broker. This status change reduced the regulatory capital that Futures is required to maintain from $1,000,000 to $45,000.
	Institutional must maintain regulatory net capital of at least €50,000 in accordance with Financial Conduct Authority regulations.
	LPS is required to maintain a net capital of at least $100,000.
	In the aggregate, the Company was required to maintain at least approximately $214,000 in net capital across all jurisdictions. Dividends or withdrawals of capital cannot be made if capital is needed to comply with regulatory minimum capital requirements.
	Net capital balances and the amounts in excess of required net capital at December 31, 2013 and 2012 are as follows:
		December 31, 2013				December 31, 2012
		Net Capital		Excess Net		Net Capital		Excess Net
				Capital				Capital
	Futures	$	84,771	$	39,771	$	1,139,663	$	139,663
	Institutional	$	204,451	$	135,621	$	200,297	$	134,222
	Prime	$	291,791	$	191,791	$	798,941	$	698,941

Supplementary_Financial_Inform

Supplementary Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Supplementary Financial Information [Text Block]	'
	(15) Supplementary Financial Information (Unaudited)
	Effective September 30, 2013, the Company corrected the presentation of certain expenses in its consolidated statements of operations.  After analyzing costs related to its software services business, it was determined that certain of these costs originally reported in Cost of revenues, should have been reported in other expense line items.
	These revisions were retroactively applied to the periods presented in the table below, which shows the individual line items as originally reported, the adjustments that were made, and their revised amounts:
			Year Ended December 31, 2013
			First				First	Second				Second
			Quarter				Quarter	Quarter				Quarter	Third		Fourth
			(as reported)		Adjustments		(as adjusted)	(as reported)		Adjustments		(as adjusted)	Quarter		Quarter
	Cost of revenues, software services		577,160		-293,120		284,040	648,307		-336,771		311,536	398,121		459,104
	Compensation		2,087,456		-34,000		2,053,456	6,851,735		-42,000		6,809,735	6,065,772		3,956,455
	Consulting fees		324,732		-503		324,229	11,630,299		6,556		11,636,855	221,333		544,695
	Computer related and software development		108,029		327,623		435,652	223,293		372,215		595,508	608,175		833,204
			Period from April 24, 2012 to December 31, 2012
							Third			Third		Fourth			Fourth
			First		Second		Quarter			Quarter		Quarter			Quarter
			Quarter		Quarter		(as reported)	Adjustments		(as adjusted)		(as reported)	Adjustments		(as adjusted)
	Cost of revenues, software services		-		-		190,476	-75,182		115,294		499,714	-226,148		273,566
	Compensation		-		8,262,374		352,665	-24,000		328,665		19,718,381	-24,000		19,694,381
	Professional fees		-		1,127,876		218,185	-		218,185		298,422	6,749		305,171
	Computer related and software development		-		47,914		25,408	99,182		124,590		-1,855	243,399		241,544
	The following table sets forth certain unaudited financial data for the Company’s quarterly operations in 2013 and 2012. The following information has been prepared on the same basis as the annual information presented elsewhere in this report and, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the information for the quarterly periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.
			Year Ended December 31, 2013
			First			Second		Third			Fourth		Year to
			Quarter			Quarter		Quarter			Quarter		Date
	Total revenues		$	1,762,464		$	1,393,954	$	732,388		$	909,491	$	4,798,297
	Cost of revenues			1,031,287			812,481		398,121			459,104		2,700,993
	Gross profit			731,177			581,473		334,267			450,387		2,097,304
	Total operating expenses			5,887,725			22,350,995		10,794,878			9,783,825		48,817,423
	Loss from operations			-5,156,548			-21,769,522		-10,460,611			-9,333,438		-46,720,119
	Total non-operating income (expense)			-24,742			-9,898		-478,650			-75,898		-589,188
	Loss before income taxes			-5,181,290			-21,779,420		-10,939,261			-9,409,336		-47,309,307
	Income tax expense (benefit)			-71,975			-112,231		1,309,903			-1,822,957		-697,260
	Net loss		$	-5,109,315		$	-21,667,189	$	-12,249,164		$	-7,586,379	$	-46,612,047
	Basic and diluted loss per share(1)		$	-0.26		$	-1.04	$	-0.52		$	-0.31	$	-2.1
			Period from April 24, 2012 to December 31, 2012
			First			Second		Third			Fourth		Year to
			Quarter			Quarter		Quarter			Quarter		Date
	Total revenues		$	-		$	163,551	$	675,946		$	1,488,285	$	2,327,782
	Cost of revenues			-			82,887		267,283			856,249		1,206,419
	Gross profit			-			80,664		408,663			632,036		1,121,363
	Total operating expenses			-			12,786,951		3,537,042			22,840,211		39,164,204
	Loss from operations			-			-12,706,287		-3,128,379			-22,208,175		-38,042,841
	Total non-operating income (expense)			-			10,719		1,497,203			-1,815,285		-307,363
	Loss before income taxes			-			-12,695,568		-1,631,176			-24,023,460		-38,350,204
	Income tax expense (benefit)			-			-34,278		-4,404			-65,658		-104,340
	Net loss		$	-		$	-12,661,290	$	-1,626,772		$	-23,957,802	$	-38,245,864
	Basic and diluted loss per share(1)					$	-1.01	$	-0.11		$	-1.32	$	-2.46
		-1	Basic and diluted loss per share are computed independently for each of the quarters presented, therefore, the sum of quarterly basic and diluted loss per share information may not equal annual basic and diluted loss per share.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	(16) Subsequent Events
	The Company has evaluated subsequent events through the date the consolidated financial statements were issued and has determined that there are no subsequent events that require disclosure except for the following and those that have been disclosed elsewhere in these notes to the consolidated financial statements:
	Merger of Liquid Prime Services, Inc. and Liquid Futures, LLC
	On February 6, 2014, LPS and Futures entered into an Agreement and Plan of Merger to consolidate LPS and Futures into a single entity, with LPS remaining as the surviving entity. Regulatory approval was approved and the merger was effective February 12, 2014. This consolidation will enable LPS and Futures to streamline their regulatory costs and consolidate their net capital, permit its customers to sign a single account agreement to conduct both futures and securities trading and permit the consolidated entity to enter into a single clearing agreement to facilitate both futures and securities trades.
	Revolving Promissory Notes
	On February 26, 2014, the Company executed a Revolving Promissory Note with each of its two largest stockholders, Brian Ferdinand and Douglas J. Von Allmen (each, a “Note” and, collectively, the “Notes”). Under each Note, the Company is able to borrow, and the lender has committed to lend, up to a principal amount of $3,750,000 on a revolving basis ($7,500,000 in the aggregate under the Notes), with interest payable quarterly on any amounts borrowed at a rate of 4% per annum. Any amounts borrowed under the Notes are repayable at maturity on April 30, 2015 and are optionally repayable at any time without the payment of any premium or penalty. The Company will pay a commitment fee on any undrawn amounts at a rate per annum equal to 0.50%, payable quarterly. The Notes contain certain customary covenants, including covenants relating to the Company’s ability to incur indebtedness and make restricted payments, and provide for certain customary events of default. The Company may terminate the commitment under the Notes at any time.
	Personal Guaranty Agreement
	On March 6, 2014, Douglas J. Von Allmen executed a Personal Guaranty Agreement (the “Personal Guaranty”) with the Company whereby Mr. Von Allmen will guarantee the funding of loans pursuant to the $3,750,000 Note entered into between Brian Ferdinand and the Company (see above). If Mr. Ferdinand fails to pay any obligation when due, Mr. Von Allmen agrees to promptly pay the unpaid obligation to the Company based on the terms and conditions of the Note. In turn, Mr. Von Allmen shall take by subrogation all of Mr. Ferdinand’s rights under the Note with respect to any amounts funded by Mr. Von Allmen. As consideration for the Personal Guaranty, the Company agrees to pay Mr. Von Allmen a fee equal to 0.50% per annum on the guaranteed amount of $3,750,000.
	Legal Matters
	On March 11, 2014, the Company received a letter from counsel for a former employee claiming that the Company and certain other parties were responsible for paying the former employee stock compensation in the amount of $500,000 in consideration for services provided to one of the Company’s subsidiaries, Liquid Partners, LLC (then known as Centurion Capital Group, LLC). The time period when these purported services were provided is prior to both the Company’s acquisition of Liquid Partners, LLC as well as the actual period of the former employee’s employment by the Company. The Company believes that the claims alleged by this former employee are without merit and intends to defend such claims vigorously. In addition, the Company believes that it would be entitled to indemnification from the parties from whom the Company acquired its interests in Liquid Partners, LLC for any losses with respect to such former employee’s claims.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Accounting [Policy Text Block]	'
	Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with accounting principles generally accepted in the U.S. (“U.S. GAAP”). All material intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets, liabilities, revenues and expenses. These significant estimates and assumptions include estimates of fair value of goodwill and intangibles with indefinite lives for purposes of impairment testing, estimates of useful lives of assets, estimates of impairment of long-lived assets, estimates of fair values of share-based payment arrangements, estimates of valuation allowances related to deferred tax assets, and estimates of contingent liabilities related to business acquisitions. Due to the inherent uncertainty involved with estimates, actual results may differ.
Cash and Cash Equivalents [Policy Text Block]	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.
Fair Value of Financial Instruments [Policy Text Block]	'
	Fair Value of Financial Instruments
	The Company uses a three-level classification hierarchy of fair value measurements that establishes the quality of inputs used to measure fair value. The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of financial instruments is determined using various techniques that involve some level of estimation and judgment, the degree of which is dependent on the price transparency and the complexity of the instruments.
Concentration Risk, Credit Risk [Policy Text Block]	'
	Concentration of Credit Risk
	Financial instruments, which potentially expose the Company to concentrations of credit risk, consist primarily of cash and cash equivalents. The Company maintains its cash accounts with high quality financial institutions. Although the Company currently believes that the financial institutions, with which it does business, will be able to fulfill their commitments to it, there is no assurance that those institutions will be able to continue to do so.
Property, Plant and Equipment [Policy Text Block]	'
	Property and Equipment
	Property and equipment are carried at cost and are depreciated using the straight-line method over the estimated useful lives of the assets (generally three to seven years). Leasehold improvements are carried at cost and are depreciated over the remaining term of the respective lease to which they relate.
Goodwill and Intangible Assets [Policy Text Block]	'
	Goodwilland Other Intangible Assets
	Goodwill is the excess of the purchase price paid over identified intangible and tangible net assets acquired in a business combination. Intangible assets consist of trademarks, intellectual property, non-compete agreements, client relationships and acquired technology.
	The Company uses either the income, cost or market approach to aid in its conclusions of such fair values and asset lives. The income approach presumes that the value of an asset can be estimated by the net economic benefit to be received over the life of the asset, discounted to present value. The cost approach presumes that an investor would pay no more for an asset than its replacement or reproduction cost. The market approach estimates value based on what other participants in the market have paid for reasonably similar assets. Although each valuation approach is considered in valuing the assets acquired, the approach ultimately selected is based on the characteristics of the asset and the availability of information.
	Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Goodwill is reviewed for impairment at least annually, on July 31, or whenever events or changes in circumstances indicate the fair value of a reporting unit is less than its carrying amount. In evaluating goodwill for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If it is determined through the qualitative assessment that a reporting unit's fair value is more likely than not greater than its carrying value, the remaining impairment steps would not be necessary. If however it is determined through the qualitative assessment that a reporting unit's fair value is more likely than not less than its carrying value, the Company will perform a quantitative assessment and compare the fair value of the reporting unit to its carrying value. The quantitative assessment of goodwill impairment is a two-step test. Under the first step, the fair value of the reporting unit is compared with its carrying value (including goodwill). If the fair value of the reporting unit is less than its carrying value, an indication of goodwill impairment exists for the reporting unit and the entity must perform step two of the impairment test (measurement). Under step two, an impairment loss is recognized for any excess of the carrying amount of the reporting unit’s goodwill over the implied fair value of that goodwill. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation and the residual fair value after this allocation is the implied fair value of the reporting unit goodwill. Fair value of the reporting unit is determined using a discounted cash flow analysis. If the fair value of the reporting unit exceeds its carrying value, step two does not need to be performed.
	An intangible asset is recognized as an asset apart from goodwill if it arises from contractual or other legal rights or if it is separable (i.e., capable of being separated or divided from the acquired entity and sold, transferred, licensed, rented or exchanged). Other intangible assets with definite lives are amortized over their expected useful lives. Other intangible assets with indefinite lives are assessed at least annually for impairment. In evaluating indefinite-lived intangible assets for impairment, the Company first performs a qualitative assessment to determine whether it is more likely than not that the fair value of the asset is less than its carrying amount. If it is determined through the qualitative assessment that an asset is impaired, then a quantitative impairment test is required to be performed. An impairment loss is calculated as the amount by which the carrying value of the intangible asset exceeds its estimated fair value.
Business Combinations [Policy Text Block]	'
	Business Combinations
	Assets acquired and liabilities assumed are recorded at their fair values on the date of acquisition. The cost to be allocated in a business combination includes consideration paid to the sellers, including cash and the fair values of assets acquired and liabilities assumed. Both direct (e.g., legal and professional fees) and indirect costs of the business combination are expensed as incurred. Certain agreements to acquire entities may include potential additional consideration that is payable, contingent on the acquired company maintaining or achieving specified earnings levels in future periods. The fair value of any contingent consideration would be recognized on the acquisition date with subsequent changes in that fair value reflected in income. The consolidated financial statements and results of operations reflect an acquired business from the date of acquisition.
Deferred Charges, Policy [Policy Text Block]	'
	Deferred Offering Costs
	Deferred offering costs consist principally of legal and accounting fees incurred through the balance sheet date that were directly related to the Company’s IPO. Upon the successful completion of the IPO, all deferred offering costs were charged to stockholders’ equity.
Revenue Recognition [Policy Text Block]	'
	Revenue Recognition
	Software Revenues
	The Company derives revenue from providing software as a service for an online trading platform. There is no downloadable software, distribution or technology delivered to customers. Software is provided under a hosting arrangement. Revenue is accounted for as software as a service arrangement since the customer does not have the contractual right to take possession of the software at any time during the hosting period. The Company recognizes revenue for these software subscriptions when the following criteria have been met: (1) persuasive evidence of an arrangement exists; (2) delivery of the product has occurred; (3) the fee is fixed or determinable; and (4) collection is probable.
	In addition, on December 1, 2013, the Company started charging customers for market data services. Market data is trade-related data for a financial instrument reported by a trading venue, such as a stock exchange, which allows traders and investors to know the latest price and see historical trends for that financial instrument. The Company is not charging a profit on market data, rather it is passing on the cost it incurs from the market data provider, that it has contracted with to provide such data, to the customer.
	Brokerage Revenues
	On June 1, 2013, the Company ceased the over-the-counter brokerage operations of LPS and Futures. LPS and Futures will continue to be a component of the Company’s business strategy by facilitating the introduction of client assets to custody banking relationships.
	Prior to June 1, 2013, brokerage revenues were derived from LPS and Futures. LPS derived revenue from (1) the mark-up generated by brokers executing fixed income and equity transactions on a riskless principle basis, and (2) commissions generated by brokers executing equity trades on behalf of clients, which were settled with the client’s clearing firm. Futures derived revenue from commissions generated by (1) facilitating over-the-counter agency transactions on behalf of clients and (2) by broker’s executing exchange traded futures and options transactions on behalf of clients.
	The Company has received regulatory approval to combine LPS and Futures into a single entity (see Note 16).
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Share-Based Compensation
	The Company accounts for share-based compensation in accordance with ASC Topic 718, Compensation—Stock Compensation  (“ASC 718”). Under ASC 718, awards result in a cost that is measured at fair value on the awards’ grant date, based on the estimated number of awards that are expected to vest resulting in a charge to operations over the requisite service period. For awards with graded vesting, the Company recognizes share-based compensation expense on a straight-line basis over the service period for each separately vesting portion of the award as if the award was, in substance, multiple awards.
Income Tax [Policy Text Block]	'
	Income Taxes
	The Company is treated as a corporation for tax purposes. The Company accounts for income taxes under ASC Topic 740,  Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for the difference between the financial statement carrying value and tax basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply on taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rate is recognized in income in the period that includes the enactment date. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. A tax position that fails to meet a more-likely-than-not recognition threshold will result in either reduction of current or deferred tax assets and/or recording of current or deferred tax liabilities. Interest and penalties related to income taxes are recorded as income tax expense.
Foreign Currency Transactions and Translations [Policy Text Block]	'
	Foreign Currency Translation
	Assets and liabilities denominated in non-U.S. currencies are translated at rates of exchange prevailing at the balance sheet date, and revenues and expenses are translated at average rates of exchange during the fiscal year. Gains or losses on translation of the financial statements of a foreign operation, where the functional currency is other than the U.S. dollar, together with the after-tax effect of exchange rate changes on intercompany transactions of a long-term investment nature, are reflected as a component of accumulated other comprehensive loss within stockholders’ equity. Gains or losses on foreign currency transactions are included in other general and administrative expenses in the consolidated statements of operations and comprehensive loss.
Reclassification, Policy [Policy Text Block]	'
	Revisions
	Effective September 30, 2013, the Company corrected the presentation of certain expenses in its consolidated statements of operations and comprehensive loss.  After analyzing costs related to its software services business, it was determined that certain of these costs originally reported in Cost of revenues, should have been reported in other expense line items for the period from April 24, 2012 to December 31, 2012.  These revisions were retroactively applied as indicated in the table below:
		Period from April 24, 2012 to December 31, 2012
		As Reported		Adjustments		As Adjusted
	Cost of revenues, software services	$	690,190	$	-301,330	$	388,860
	Compensation		28,333,420		-48,000		28,285,420
	Professional fees		1,644,483		6,749		1,651,232
	Computer related and software development		71,467		342,581		414,048
	Effective September 30, 2013, the Company corrected the presentation of certain current assets in its consolidated balance sheets. Formerly, amounts for customer accounts receivable and short-term deposits were recorded in one account, Other receivable. The current classification records amounts for customer accounts receivable to a new account, Accounts receivable, while amounts for short-term deposits are recorded to Prepaid expenses and other current assets. This reclassification was retroactively applied to December 31, 2012 as indicated in the table below:
		December 31, 2012
		As Reported		Adjustments		As Adjusted
	Other receivable	$	1,637,075	$	-1,637,075	$	-
	Accounts receivable, net		-		467,507		467,507
	Prepaid expenses and other current assets		119,417		1,169,568		1,288,985
	Management believes that the current presentation is more transparent for the reader of its financial statements. Management does not believe that these revisions are material to the consolidated financial statements taken as a whole.
New Accounting Pronouncements [Policy Text Block]	'
	Recently Issued Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which is effective prospectively for public companies for reporting periods beginning after December 15, 2012. This new accounting standard improves the reporting of reclassifications out of accumulated other comprehensive income (“AOCI”) by requiring an entity to report the effect of significant reclassifications out of AOCI on the respective line items in net income if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under GAAP that provide additional detail about those amounts. The adoption of this new guidance did not have a material impact on the Company’s consolidated financial statements.
	In July 2013, the FASB issued Accounting Standards Update No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 requires an entity to present an unrecognized tax benefit and an NOL carryforward, a similar tax loss, or a tax credit carryforward on a net basis as part of a deferred tax asset, unless the unrecognized tax benefit is not available to reduce the deferred tax asset component or would not be utilized for that purpose, in which case a liability would be recognized. ASU 2013-11 will be effective for fiscal periods beginning after December 15, 2013, with early adoption permitted. The Company has evaluated the impact of the adoption of this pronouncement and determined that it will not have a material impact on its consolidated financial statements.
	The Company has assessed the potential impact of other recently issued, but not yet effective, accounting standards and determined that the provisions are either not applicable to the Company, or are not anticipated to have a material impact on its consolidated financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Accounts Receivable [Member]	'
Quantifying Misstatement in Current Year Financial Statements [Line Items]	'
Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements [Table Text Block]	'
	This reclassification was retroactively applied to December 31, 2012 as indicated in the table below:
		December 31, 2012
		As Reported		Adjustments		As Adjusted
	Other receivable	$	1,637,075	$	-1,637,075	$	-
	Accounts receivable, net		-		467,507		467,507
	Prepaid expenses and other current assets		119,417		1,169,568		1,288,985
Cost of Revenues [Member]	'
Quantifying Misstatement in Current Year Financial Statements [Line Items]	'
Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements [Table Text Block]	'
	These revisions were retroactively applied as indicated in the table below:
		Period from April 24, 2012 to December 31, 2012
		As Reported		Adjustments		As Adjusted
	Cost of revenues, software services	$	690,190	$	-301,330	$	388,860
	Compensation		28,333,420		-48,000		28,285,420
	Professional fees		1,644,483		6,749		1,651,232
	Computer related and software development		71,467		342,581		414,048

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	'
	The following table presents, for each level within the fair value hierarchy, the Company’s recurring fair value measurements for assets and liabilities:
				Fair Value Measurement Using
		December 31, 2012		Level 1		Level 2		Level 3
	Contingent consideration payable	$	1,561,000	$	-	$	-	$	1,561,000
Fair Value Measurements, Nonrecurring [Table Text Block]	'
	The following table presents, for each level within the fair value hierarchy, the Company’s non-recurring fair value measurements:
				Fair Value Measurement Using
		December 31, 2012		Level 1		Level 2		Level 3
	Other intangible assets	$	18,740,125	$	-	$	-	$	18,740,125
	Goodwill		13,182,936		-		-		13,182,936
		$	31,923,061	$	-	$	-	$	31,923,061
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	'
	The following table presents a summary of changes in the fair value of the Company’s Level 3 liabilities:
		Contingent Consideration Payable
		December 31, 2013		December 31, 2012
	Opening Balance	$	1,561,000	$	-
	Transfers into Level 3		-		-
	Transfers out of Level 3		-		-
	Total gains or losses for the period included in earnings:
	Realized (gains) losses		649,688		-1,545,000
	Unrealized (gains) losses		-		-129,000
	Purchases, issues, sales and settlements:
	Purchases		-		-
	Issues		-		11,990,000
	Sales		-		-
	Settlements		-2,210,688		-8,755,000
	Closing balance	$	-	$	1,561,000
	Change in unrealized gains and losses for the period included in earnings at period end	$	-
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	'
	The following table summarizes the carrying amount and estimated fair value of the Company’s financial assets that are not measured at fair value either on a recurring or nonrecurring basis:
				Estimated Fair Value
	December 31, 2013	Carrying Amount		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents	$	8,473,847	$	8,473,847	$	-	$	-	$	8,473,847
				Estimated Fair Value
	December 31, 2012	Carrying Amount		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents	$	1,380,078	$	1,380,078	$	-	$	-	$	1,380,078
	Note receivable from related party	$	2,250,000	$	-	$	-	$	2,255,000	$	2,255,000

Property_and_Equipment_Tables

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	The following is a summary of property and equipment:
		December 31, 2013		December 31, 2012
	Computer equipment and software	$	255,814	$	11,198
	Furniture and fixtures		229,618		276,416
	Leasehold improvements		662,638		121,823
			1,148,070		409,437
	Less: accumulated depreciation and amortization		-280,312		-84,152
	Total	$	867,758	$	325,285

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule Of Intangible Assets Excluding Goodwill [Table Text Block]	'
					December 31, 2013							December 31, 2012
			Amortization		Gross			Accumulated		Net Carrying		Gross		Accumulated		Net Carrying
			period		Carrying			Amortization		Amount		Carrying		Amortization		Amount
					Amount							Amount
	Amortizable Intangible Assets:
	Software and trading platform		3 years		$	19,374,098		$	-8,735,318	$	10,638,780	$	19,374,098	$	-2,244,378	$	17,129,720
	Customer relationships(1)		3 years			1,261,000			-595,472		665,528		1,261,000		-175,140		1,085,860
	Non-compete agreements(1)		Life of agreement, 24 months			646,000			-646,000		-		646,000		-323,000		323,000
	Total				$	21,281,098		$	-9,976,790	$	11,304,308	$	21,281,098	$	-2,742,518	$	18,538,580
	Indefinite-Lived Intangible Assets:
	Broker licenses		N/A		$	163,000		$	-	$	163,000	$	163,000	$	-	$	163,000
	Patents pending		N/A			36,545			-		36,545		36,545		-		36,545
	Trade names		N/A			2,000			-		2,000		2,000		-		2,000
	Total				$	201,545		$	-	$	201,545	$	201,545	$	-	$	201,545
		-1	Gross and net carrying amounts were reduced by $86,000 in total due to impairment during the period from April 24, 2012 to December 31, 2012.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	As of December 31, 2013, the future estimated amortization expense related to amortizable intangible assets is expected to be as follows:
	2014			6,866,252
	2015			4,438,056
			$	11,304,308
Schedule of Goodwill [Table Text Block]	'
	The changes in the carrying amount of goodwill for the year ended December 31, 2013 and the period ended December 31, 2012 are as follows:
			2013			2012
	Balances as of January 1:
	Gross goodwill		$	14,647,588		$	-
	Accumulated impairment losses			-1,464,652			-
	Net goodwill as of January 1			13,182,936			-
	Goodwill acquired during the year			-			14,647,588
	Impairment loss			-			-1,464,652
	Balances as of December 31:
	Gross goodwill			14,647,588			14,647,588
	Accumulated impairment losses			-1,464,652			-1,464,652
	Net goodwill as of December 31		$	13,182,936		$	13,182,936

Certain_Relationships_and_Rela1

Certain Relationships and Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Schedule of Related Party Transactions [Table Text Block]	'
	Amounts recognized from transactions with related parties in the accompanying consolidated balance sheets are as follows:
		December 31, 2013		December 31, 2012
	Assets:
	Note receivable from QuantX Management, LLP	$	-	$	2,250,000
	Due from QuantX Management, LLP	$	243,030	$	243,030
	Due from Ferdinand Capital		116,000		116,000
	Due from shareholder		300,000		-
	Total due from related parties	$	659,030	$	359,030
	Liabilities:
	Due to related parties	$	-	$	61,873
	Total due to related parties	$	-	$	61,873

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	At December 31, 2013, minimum future rental commitments under non-cancellable operating leases are as follows:
	Year Ending December 31,
	2014	$	1,141,353
	2015		1,152,144
	2016		1,186,939
	2017		1,222,782
	2018		1,263,047
	Thereafter		6,090,443
	Total	$	12,056,708

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2013
Share-based Compensation [Abstract]	'
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	'
	The following table summarizes the activity of non-vested RSUs granted under the 2012 Amended Incentive Plan:
						Period from
		Year Ended December 31, 2013				April 24, 2012 to December 31, 2012
				Weighted Average			Weighted Average
				Grant Date			Grant Date
	Non-vested shares	Shares		Fair Value		Shares	Fair Value
	Balance at beginning of period	760,033		$	7.54	-	$	-
	Granted	1,077,560			7.82	760,033		7.54
	Vested	-605,839			7.57	-		-
	Forfeited	-			-	-		-
	Balance at end of period	1,231,754		$	7.77	760,033	$	7.54
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'
	The Black-Scholes fair value of each NQSO grant was calculated using the following assumptions:
	Dividend yield	0	%
	Expected volatility	50	%
	Risk-free interest rate	1.7	%
	Expected term (years)	6
Schedule of Share-based Compensation, Activity [Table Text Block]	'
	The following table summarizes the activity of NQSOs granted under the 2012 Amended Incentive Plan:
		Year Ended December 31, 2013
				Weighted Average
		Shares		Exercise Price
	Balance at beginning of period	-		$	-
	Granted	420,505			9
	Exercised	-			-
	Forfeited	-			-
	Balance at end of period	420,505		$	9
	Exercisable at end of period	12,798		$	9
	Remaining weighted average contractual life of exercisable options (years)				9.6
	Aggregate intrinsic value			$	-

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	'
	The loss before income taxes is as follows:
					Period from
		Year Ended			April 12, 2012 to
		December 31, 2013			December 31, 2012
	Loss before income taxes	$	-47,309,307		$	-38,350,204
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	The provision for current and deferred income taxes consists of the following:
					Period from
		Year Ended			April 12, 2012 to
		December 31, 2013			December 31, 2012
	Income tax provision:
	Current:
	U.S. federal	$	-		$	-
	U.S. state and local		-			-
	Total current income taxes		-			-
	Deferred:
	U.S. federal		-555,317			-
	U.S. state and local		-141,943			-104,340
	Total deferred income taxes		-697,260			-104,340
	Total provision for income taxes	$	-697,260		$	-104,340
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	A reconciliation of the statutory U.S. federal tax rate to the Company’s effective tax rate is as follows:
				Period from
		Year Ended		April 12, 2012 to
		December 31, 2013		December 31, 2012
	Statutory U.S. federal tax rate	35	%	35	%
	Change in tax status	-26.29	%	-35	%
	State and local taxes, net of U.S. federal tax effect	0.2	%	4	%
	Permanent differences	-0.4	%	-3.06	%
	Valuation allowance	-7.03	%	-0.7	%
	Other, net	-0.01	%	0.03	%
	Effective tax rate	1.47	%	0.27	%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
	The effects of temporary differences that gave rise to the Company’s deferred tax assets and liabilities were as follows:
		December 31, 2013			December 31, 2012
	Current deferred tax assets:
	Property and equipment	$	87,970		$	-
	Share-based compensation		1,315,836			-
	Deferred compensation		335,562			-
	Deferred rent		9,040			-
	Net operating loss carryforwards		1,057,135			267,000
	Total current deferred tax assets		2,805,543			267,000
	Less: Valuation allowance		-2,489			-267,000
	Net current deferred tax assets		2,803,054			-
	Current deferred tax liabilities:
	Intangible amortization		-2,803,054			-268,160
	Net current deferred tax liabilities		-2,803,054			-268,160
	Net current deferred tax assets (liabilities)	$	-		$	-268,160
	Non-current deferred tax assets:
	Property and equipment	$	16,224		$	-
	Share-based compensation		875,891			-
	Net operating loss carryforwards		4,514,400			-
	Total non-current deferred tax assets		5,406,515			-
	Less: Valuation allowance		-3,589,656			-
	Net non-current deferred tax assets		1,816,859			-
	Non-current deferred tax liabilities:
	Intangible amortization		-1,816,859			-420,323
	Property and equipment		-			-8,777
	Net non-current deferred tax liabilities		-1,816,859			-429,100
	Net non-current deferred tax assets (liabilities)	$	-		$	-429,100

Computation_of_Loss_per_Share_

Computation of Loss per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
				Period from
		Year Ended		April 24, 2012 to
		December 31, 2013		December 31, 2013
	Net loss	$	-46,612,047	$	-38,245,864
	Loss applicable to common shares	$	-46,612,047	$	-38,245,864
	Weighted average common shares outstanding		22,230,943		15,517,444
	Basic and diluted loss per common share	$	-2.1	$	-2.46

Net_Capital_Requirement_Tables

Net Capital Requirement (Tables)	12 Months Ended
	Dec. 31, 2013
Regulatory Capital Requirements [Abstract]	'
Schedule Of Net Capital Requirement [Table Text Block]	'
	Net capital balances and the amounts in excess of required net capital at December 31, 2013 and 2012 are as follows:
		December 31, 2013				December 31, 2012
		Net Capital		Excess Net		Net Capital		Excess Net
				Capital				Capital
	Futures	$	84,771	$	39,771	$	1,139,663	$	139,663
	Institutional	$	204,451	$	135,621	$	200,297	$	134,222
	Prime	$	291,791	$	191,791	$	798,941	$	698,941

Supplementary_Financial_Inform1

Supplementary Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2013
Disclosure Text Block Supplement [Abstract]	'
Schedule Of Changes in Statement Of Operations [Table Text Block]	'
	These revisions were retroactively applied to the periods presented in the table below, which shows the individual line items as originally reported, the adjustments that were made, and their revised amounts:
		Year Ended December 31, 2013
		First				First	Second				Second
		Quarter				Quarter	Quarter				Quarter	Third		Fourth
		(as reported)		Adjustments		(as adjusted)	(as reported)		Adjustments		(as adjusted)	Quarter		Quarter
	Cost of revenues, software services	577,160		-293,120		284,040	648,307		-336,771		311,536	398,121		459,104
	Compensation	2,087,456		-34,000		2,053,456	6,851,735		-42,000		6,809,735	6,065,772		3,956,455
	Consulting fees	324,732		-503		324,229	11,630,299		6,556		11,636,855	221,333		544,695
	Computer related and software development	108,029		327,623		435,652	223,293		372,215		595,508	608,175		833,204
		Period from April 24, 2012 to December 31, 2012
						Third			Third		Fourth			Fourth
		First		Second		Quarter			Quarter		Quarter			Quarter
		Quarter		Quarter		(as reported)	Adjustments		(as adjusted)		(as reported)	Adjustments		(as adjusted)
	Cost of revenues, software services	-		-		190,476	-75,182		115,294		499,714	-226,148		273,566
	Compensation	-		8,262,374		352,665	-24,000		328,665		19,718,381	-24,000		19,694,381
	Professional fees	-		1,127,876		218,185	-		218,185		298,422	6,749		305,171
	Computer related and software development	-		47,914		25,408	99,182		124,590		-1,855	243,399		241,544
Schedule of Quarterly Financial Information [Table Text Block]	'
	The following table sets forth certain unaudited financial data for the Company’s quarterly operations in 2013 and 2012. The following information has been prepared on the same basis as the annual information presented elsewhere in this report and, in the opinion of management, includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the information for the quarterly periods presented. The operating results for any quarter are not necessarily indicative of results for any future period.
		Year Ended December 31, 2013
		First			Second		Third			Fourth		Year to
		Quarter			Quarter		Quarter			Quarter		Date
	Total revenues	$	1,762,464		$	1,393,954	$	732,388		$	909,491	$	4,798,297
	Cost of revenues		1,031,287			812,481		398,121			459,104		2,700,993
	Gross profit		731,177			581,473		334,267			450,387		2,097,304
	Total operating expenses		5,887,725			22,350,995		10,794,878			9,783,825		48,817,423
	Loss from operations		-5,156,548			-21,769,522		-10,460,611			-9,333,438		-46,720,119
	Total non-operating income (expense)		-24,742			-9,898		-478,650			-75,898		-589,188
	Loss before income taxes		-5,181,290			-21,779,420		-10,939,261			-9,409,336		-47,309,307
	Income tax expense (benefit)		-71,975			-112,231		1,309,903			-1,822,957		-697,260
	Net loss	$	-5,109,315		$	-21,667,189	$	-12,249,164		$	-7,586,379	$	-46,612,047
	Basic and diluted loss per share(1)	$	-0.26		$	-1.04	$	-0.52		$	-0.31	$	-2.1
		Period from April 24, 2012 to December 31, 2012
		First			Second		Third			Fourth		Year to
		Quarter			Quarter		Quarter			Quarter		Date
	Total revenues	$	-		$	163,551	$	675,946		$	1,488,285	$	2,327,782
	Cost of revenues		-			82,887		267,283			856,249		1,206,419
	Gross profit		-			80,664		408,663			632,036		1,121,363
	Total operating expenses		-			12,786,951		3,537,042			22,840,211		39,164,204
	Loss from operations		-			-12,706,287		-3,128,379			-22,208,175		-38,042,841
	Total non-operating income (expense)		-			10,719		1,497,203			-1,815,285		-307,363
	Loss before income taxes		-			-12,695,568		-1,631,176			-24,023,460		-38,350,204
	Income tax expense (benefit)		-			-34,278		-4,404			-65,658		-104,340
	Net loss	$	-		$	-12,661,290	$	-1,626,772		$	-23,957,802	$	-38,245,864
	Basic and diluted loss per share(1)				$	-1.01	$	-0.11		$	-1.32	$	-2.46

Organization_Details_Textual

Organization (Details Textual) (USD $)	1 Months Ended	9 Months Ended	12 Months Ended		1 Months Ended
	Jul. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Jul. 26, 2013
				Revolving Credit Facility [Member]	IPO [Member]
Organization And Basis Of Presentation [Line Items]	'	'	'	'	'
Stock Issued During Period Shares Conversion Of Each Unit	10,606.81	'	'	'	'
Stock Issued During Period, Shares, New Issues	'	'	'	'	3,175,000
Sale of Stock, Price Per Share	'	'	'	'	$9
Proceeds from Issuance Initial Public Offering	'	$0	$26,017,625	'	$17,300,000
Underwriting Discounts And Commissions	'	'	'	'	2,600,000
Other Ownership Interests, Offering Costs	'	'	'	'	8,700,000
Line of Credit Facility, Maximum Borrowing Capacity	'	'	'	3,750,000	'
Line of Credit Facility, Maximum Amount Outstanding During Period	'	'	'	$7,500,000	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended								9 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2013
Accounting Policies [Line Items]	'	'	'	'	'	'	'	'	'	'
Cost of revenues, software services	$459,104	$398,121	$311,536	$284,040	$273,566	$115,294	$0	$0	$388,860	$1,452,801
Compensation	3,956,455	6,065,772	6,809,735	2,053,456	19,694,381	328,665	8,262,374	0	28,285,420	18,885,418
Professional fees	'	'	'	'	305,171	218,185	1,127,876	0	1,651,232	3,676,863
Computer related and software development	833,204	608,175	595,508	435,652	241,544	124,590	47,914	0	414,048	2,472,539
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'	'	'	'	'	'	'
Cost of revenues, software services	'	'	648,307	577,160	499,714	190,476	'	'	690,190	'
Compensation	'	'	6,851,735	2,087,456	19,718,381	352,665	'	'	28,333,420	'
Professional fees	'	'	'	'	298,422	218,185	'	'	1,644,483	'
Computer related and software development	'	'	223,293	108,029	-1,855	25,408	'	'	71,467	'
Scenario, Adjustment [Member]	'	'	'	'	'	'	'	'	'	'
Accounting Policies [Line Items]	'	'	'	'	'	'	'	'	'	'
Cost of revenues, software services	'	'	'	'	'	'	'	'	-301,330	'
Compensation	'	'	'	'	'	'	'	'	-48,000	'
Professional fees	'	'	'	'	'	'	'	'	6,749	'
Computer related and software development	'	'	'	'	'	'	'	'	$342,581	'

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Line Items]	'	'
Other receivable	'	$0
Accounts receivable, net	425,196	467,507
Prepaid expenses and other current assets	388,612	1,288,985
Scenario, Previously Reported [Member]	'	'
Accounting Policies [Line Items]	'	'
Other receivable	'	1,637,075
Accounts receivable, net	'	0
Prepaid expenses and other current assets	'	119,417
Scenario, Adjustment [Member]	'	'
Accounting Policies [Line Items]	'	'
Other receivable	'	-1,637,075
Accounts receivable, net	'	467,507
Prepaid expenses and other current assets	'	$1,169,568

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Contingent consideration payable	$0	$1,561,000
Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Contingent consideration payable	'	0
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Contingent consideration payable	'	0
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Contingent consideration payable	'	$1,561,000

Fair_Value_Measurements_Detail1

Fair Value Measurements (Details 1) (USD $)	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Other intangible assets	$18,740,125
Goodwill	13,182,936
Assets, Fair Value Disclosure, Total	31,923,061
Fair Value, Inputs, Level 1 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Other intangible assets	0
Goodwill	0
Assets, Fair Value Disclosure, Total	0
Fair Value, Inputs, Level 2 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Other intangible assets	0
Goodwill	0
Assets, Fair Value Disclosure, Total	0
Fair Value, Inputs, Level 3 [Member]	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Other intangible assets	18,740,125
Goodwill	13,182,936
Assets, Fair Value Disclosure, Total	$31,923,061

Fair_Value_Measurements_Detail2

Fair Value Measurements (Details 2) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Opening Balance	'	$1,561,000	$0
Transfers into Level 3	'	0	0
Transfers out of Level 3	'	0	0
Total gains or losses for the period included in earnings:	'	'	'
Realized (gains) losses	'	649,688	-1,545,000
Unrealized (gains) losses	'	0	-129,000
Purchases, issues, sales and settlements:	'	'	'
Purchases	'	0	0
Issues	'	0	11,990,000
Sales	'	0	0
Settlements	0	-2,210,688	-8,755,000
Closing balance	1,561,000	0	1,561,000
Change in unrealized gains and losses for the period included in earnings at period end	'	$0	'

Fair_Value_Measurements_Detail3

Fair Value Measurements (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Apr. 24, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Cash and cash equivalents, Fair value	$8,473,847	$1,380,078	'
Cash and cash equivalents, Carrying value	8,473,847	1,380,078	0
Note receivable from related party	'	2,255,000	'
Note receivable from related party	'	2,250,000	'
Fair Value, Inputs, Level 1 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Cash and cash equivalents, Fair value	8,473,847	1,380,078	'
Note receivable from related party	'	0	'
Fair Value, Inputs, Level 2 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Cash and cash equivalents, Fair value	0	0	'
Note receivable from related party	'	0	'
Fair Value, Inputs, Level 3 [Member]	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Cash and cash equivalents, Fair value	0	0	'
Note receivable from related party	'	$2,255,000	'

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'
Computer equipment and software	$255,814	$11,198
Furniture and fixtures	229,618	276,416
Leasehold improvements	662,638	121,823
Property, Plant and Equipment, Gross	1,148,070	409,437
Less: accumulated depreciation and amortization	-280,312	-84,152
Total	$867,758	$325,285

Property_and_Equipment_Details1

Property and Equipment (Details Textual) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$19,185	$205,171
Predecessor [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$6,912	'

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]	'		'
Gross Carrying Amount	$21,281,098		$21,281,098
Accumulated Amortization	-9,976,790		-2,742,518
Net Carrying Amount	11,304,308		18,538,580
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]	'		'
Indefinite-Lived Intangible Asset	201,545		201,545
Broker licenses [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Accumulated Amortization	0		0
Net Carrying Amount	163,000		163,000
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]	'		'
Indefinite-Lived Intangible Asset	163,000		163,000
Patents Pending [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Accumulated Amortization	0		0
Net Carrying Amount	36,545		36,545
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]	'		'
Indefinite-Lived Intangible Asset	36,545		36,545
Trade Names [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Accumulated Amortization	0		0
Net Carrying Amount	2,000		2,000
Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]	'		'
Indefinite-Lived Intangible Asset	2,000		2,000
Software And Trading Platform [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Amortization period	'3 years		'
Gross Carrying Amount	19,374,098		19,374,098
Accumulated Amortization	-8,735,318		-2,244,378
Net Carrying Amount	10,638,780		17,129,720
Customer Relationships [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Amortization period	'3 years	[1]	'
Gross Carrying Amount	1,261,000	[1]	1,261,000	[1]
Accumulated Amortization	-595,472	[1]	-175,140	[1]
Net Carrying Amount	665,528	[1]	1,085,860	[1]
Noncompete Agreements [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Amortization period	'24 months	[1]	'
Gross Carrying Amount	646,000	[1]	646,000	[1]
Accumulated Amortization	-646,000	[1]	-323,000	[1]
Net Carrying Amount	$0	[1]	$323,000	[1]
[1]	Gross and net carrying amounts were reduced by $86,000 in total due to impairment during the period from April 24, 2012 to December 31, 2012.

Goodwill_and_Other_Intangible_3

Goodwill and Other Intangible Assets (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]	'	'
2014	$6,866,252	'
2015	4,438,056	'
Net Carrying Amount	$11,304,308	$18,538,580

Goodwill_and_Other_Intangible_4

Goodwill and Other Intangible Assets (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]	'	'
Gross goodwill, beginning balance	$14,647,588	$0
Accumulated impairment losses, beginning balance	-1,464,652	0
Net goodwill, beginning balance	13,182,936	0
Goodwill acquired during the year	0	14,647,588
Impairment loss	0	-1,464,652
Gross goodwill, ending balance	14,647,588	14,647,588
Accumulated impairment losses, ending balance	-1,464,652	-1,464,652
Net goodwill, ending balance	$13,182,936	$13,182,936

Goodwill_and_Other_Intangible_5

Goodwill and Other Intangible Assets (Details Textual) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2011
Goodwill [Line Items]	'	'	'
Impairment of Intangible Assets, Finite-lived	$86,000	'	'
Amortization of Intangible Assets	2,742,518	7,201,891	'
Goodwill, Impaired, Accumulated Impairment Loss	($1,464,652)	($1,464,652)	$0

Certain_Relationships_and_Rela2

Certain Relationships and Related Party Transactions (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Assets:	'	'
Note receivable	$0	$2,250,000
Total due from related parties	659,030	359,030
Liabilities:	'	'
Due to related parties	0	61,873
Total due to related parties	0	61,873
Shareholders Equity [Member]	'	'
Assets:	'	'
Total due from related parties	300,000	0
QuantX Management, LLP [Member]	'	'
Assets:	'	'
Note receivable	0	2,250,000
Total due from related parties	243,030	243,030
Ferdinand Capital [Member]	'	'
Assets:	'	'
Total due from related parties	$116,000	$116,000

Certain_Relationships_and_Rela3

Certain Relationships and Related Party Transactions (Details Textual) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Feb. 26, 2014

Dec. 31, 2013

Dec. 31, 2012

15-May-13

Mar. 31, 2013

Mar. 15, 2014

Dec. 31, 2013

Dec. 31, 2012

Mar. 15, 2014

Aug. 31, 2013

Aug. 31, 2013

Jul. 11, 2013

Aug. 31, 2013

Dec. 31, 2013

Mar. 15, 2014

Dec. 31, 2013

Dec. 31, 2012

Jun. 13, 2013

Hoboken Lease Agreements [Member]

Subsequent Event [Member]

QuantX Management, LLP [Member]

QuantX Management, LLP [Member]

QuantX Management, LLP [Member]

QuantX Management, LLP [Member]

QuantX Management, LLP [Member]

Ferdinand Capital [Member]

Ferdinand Capital [Member]

Ferdinand Capital [Member]

Mr. Richard Schaeffer [Member]

Thomas Ross [Member]

Thomas Ross [Member]

Ferdinand Holdings, LLC [Member]

Ferdinand Holdings, LLC [Member]

Shareholder [Member]

Management [Member]

Management [Member]

Board of Directors Chairman [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Receivable, Related Parties, Current

$0

$2,250,000

'

'

$0

$2,250,000

$5,000,000

$2,250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

4.00%

'

'

'

'

4.00%

'

'

4.00%

'

'

4.00%

'

4.00%

3.00%

'

'

4.00%

Notes Receivable Interest Rate Stated Percentage

'

'

'

'

'

'

3.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Collection of Notes Receivable

'

'

'

'

'

2,750,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Income, Related Party

'

'

'

'

74,416

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due from Related Parties, Noncurrent

659,030

359,030

'

'

243,030

243,030

'

'

'

116,000

116,000

'

'

'

'

'

'

'

'

'

'

Due To Related Parties Current

0

61,873

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000

'

0

61,873

'

Due to Officers or Stockholders, Current

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000

'

'

'

'

'

250,000

Interest Paid, Net

'

'

'

'

'

'

'

'

'

'

'

'

1,370

603

'

877

'

'

'

'

'

Debt Instrument, Maturity Date

'

'

'

30-Apr-15

'

'

'

'

15-Mar-17

'

'

15-Mar-15

'

'

'

'

'

15-Mar-19

'

'

'

Notes Payable, Related Parties

'

'

'

'

'

'

'

'

243,030

'

'

116,000

'

'

'

'

'

300,000

'

'

'

Debt Instrument, Periodic Payment

'

'

'

'

'

'

'

'

$7,175

'

'

$9,877

'

'

'

'

'

$5,390

'

'

'

Debt Instrument, Term

'

'

'

'

'

'

'

'

'3 years

'

'

'1 year

'

'

'

'

'

'5 years

'

'

'

Debt Instrument, Frequency of Periodic Payment

'

'

'

'

'

'

'

'

'monthly

'

'

'monthly

'

'

'

'

'

'monthly

'

'

'

Lessee Leasing Arrangements, Operating Leases, Term of Contract

'

'

'4 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lessee Leasing Arrangements, Operating Leases, Renewal Term

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sublease Agreement Revised Term Effective Date

'

'

1-Feb-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Dec. 31, 2013
Commitments and Contingencies [Line Items]	'
2014	$1,141,353
2015	1,152,144
2016	1,186,939
2017	1,222,782
2018	1,263,047
Thereafter	6,090,443
Total	$12,056,708

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)	1 Months Ended		12 Months Ended	0 Months Ended	12 Months Ended	9 Months Ended	12 Months Ended	4 Months Ended	1 Months Ended
	Apr. 30, 2013	Mar. 19, 2013	Dec. 31, 2013	Aug. 12, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Apr. 24, 2012	Jul. 31, 2013
				Lease Agreements [Member]	Hoboken Lease Agreements [Member]	Successor [Member]	Successor [Member]	Predecessor [Member]	Settlement Agreement [Member]
				sqft	sqft
Commitments and Contingencies [Line Items]	'	'	'	'	'	'	'	'	'
Litigation Settlement, Amount	'	$1,000,000	'	'	'	'	'	'	'
Loss Contingency, Settlement Agreement, Terms	'The Settlement Agreement called for consideration in the amount of $1 million to be paid as follows: $250,000 at the time of execution of the Settlement Agreement and the remaining $750,000 paid within 90 days from said execution.	'	'	'	'	'	'	'	'
Loss Contingency Accrual, Payments	250,000	'	'	'	'	'	'	'	750,000
Operating Leases, Rent Expense	'	'	'	'	'	629,400	1,211,693	153,081	'
Loss Contingency, Damages Sought, Value	'	'	3,000,000	'	'	'	'	'	'
Operating Leases, Rent Expense, Minimum Rentals	'	'	'	85,364	23,550	'	'	'	'
Operating Leases Initial Base Rent Percentage	'	'	'	3.00%	'	'	'	'	'
Net Rentable Area	'	'	'	13,200	7,200	'	'	'	'
Lessee Leasing Arrangements, Operating Leases, Term of Contract	'	'	'	'	'4 months	'	'	'	'
Operating Leases, Rent Expense, Sublease Rentals	'	'	'	'	23,247	'	'	'	'
Lessee Leasing Arrangements, Operating Leases, Renewal Term	'	'	'	'	'5 years	'	'	'	'
Sublease Agreement Revised Term Effective Date	'	'	'	'	1-Feb-14	'	'	'	'
Sublease, Frequency of Periodic Payment	'	'	'	'	'per month	'	'	'	'
Operating Leases, Rent Expense, Contingent Rentals	'	'	'	'	$24,153	'	'	'	'

ShareBased_Compensation_Detail

Share-Based Compensation (Details) (Restricted Stock Units (RSUs) [Member], USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013
Restricted Stock Units (RSUs) [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Balance at beginning of period, Shares	0	760,033
Granted, Shares	760,033	1,077,560
Vested, Shares	0	-605,839
Forfeited, Shares	0	0
Balance at end of period, Shares	760,033	1,231,754
Balance at beginning of period, Weighted Average Grant Date Fair Value	$0	$7.54
Granted, Weighted Average Grant Date Fair Value	$7.54	$7.82
Vested, Weighted Average Grant Date Fair Value	$0	$7.57
Forfeited, Weighted Average Grant Date Fair Value	$0	$0
Balance at end of period, Weighted Average Grant Date Fair Value	$7.54	$7.77

ShareBased_Compensation_Detail1

Share-Based Compensation (Details 1)	12 Months Ended
	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Dividend yield	0.00%
Expected volatility	50.00%
Risk-free interest rate	1.70%
Expected term (years)	'6 years

ShareBased_Compensation_Detail2

Share-Based Compensation (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'
Balance at beginning of period, Shares	0
Granted	420,505
Exercised	0
Forfeited	0
Balance at end of period, Shares	420,505
Exercisable at end of period, Shares	12,798
Balance at beginning of period, Weighted Average Exercise Price	$0
Granted, Weighted Average Exercise Price	$9
Exercised, Weighted Average Exercise Price	$0
Forfeited, Weighted Average Exercise Price	$0
Balance at end of period, Weighted Average Exercise Price	$9
Exercisable at end of period, Weighted Average Exercise Price	$9
Remaining weighted average contractual life of exercisable options (years)	'9 years 7 months 6 days
Aggregate intrinsic value	$0

ShareBased_Compensation_Detail3

Share-Based Compensation (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 05, 2013
Restricted Stock Units (RSUs) [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$4,584,314	'
Amended Incentive Plan [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Percentage Of Common Shares Outstanding	'	15.00%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	7,288,219	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	56,094	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,078,667	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$1,425,110	'
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition Period	'2014 through 2016	'

Registration_Rights_Penalty_De

Registration Rights Penalty (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012	Dec. 24, 2012	Nov. 24, 2012	Oct. 24, 2012	Jul. 31, 2012	Jul. 21, 2012
Registration Payment Arrangement [Line Items]	'	'	'	'	'	'	'
Subscription Agreement Amount	'	$12,500,000	'	'	'	'	'
Stock Exchanged Under Stock Subscription Agreement Shares	'	1,239,986	'	'	'	'	'
Percentage of Shares Issued And Outstanding	'	'	8.33%	8.23%	8.06%	7.60%	7.14%
Percentage of Finders Fee	'	10.00%	'	'	'	'	'
Payments for Fees	'	1,250,000	'	'	'	'	'
Stock Issued For Registration Rights Penalty Value	$1,674,704	$1,674,704	'	'	'	'	'
Common Stock [Member]	'	'	'	'	'	'	'
Registration Payment Arrangement [Line Items]	'	'	'	'	'	'	'
Stock Issued For Registration Rights Penalty Shares	'	242,020	'	'	'	'	'

Gain_Loss_on_Settlement_of_Con1

Gain (Loss) on Settlement of Contingent Consideration Payable (Details Textual) (USD $)	9 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 24, 2012	Nov. 24, 2012	Oct. 24, 2012	Jul. 31, 2012	Jul. 21, 2012
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'	'	'	'
Business Acquisition, Percentage of Voting Interests Acquired	'	'	'	'	'	'	'	1.00%	'
Business Combination, Contingent Consideration, Liability	$1,561,000	$0	$1,561,000	$1,561,000	'	'	'	'	'
Stock issued during the period Value New Issues For Contingent Consideraion	'	2,210,688	'	'	'	'	'	'	'
Gain Loss On Contingent Consideration Payable	1,545,000	-649,688	'	'	'	'	'	'	'
Percentage of Shares Issued And Outstanding	'	'	'	'	8.33%	8.23%	8.06%	7.60%	7.14%
Issuance Of Common stock Value Issued for Acquisition July	'	'	8,755,000	8,775,000	'	'	'	'	'
Fundsolve Ltd [Member]	'	'	'	'	'	'	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'	'	'	'
Business Combination, Contingent Consideration, Liability	129,000	'	129,000	129,000	'	'	'	'	'
Subsequent Event [Member]	'	'	'	'	'	'	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'	'	'	'
Fair Value, Net Asset (Liability), Total	'	1,690,000	'	'	'	'	'	'	'
Common Stock [Member]	'	'	'	'	'	'	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'	'	'	'
Stock issued during the period Shares New Issues For Contingent Consideraion	'	245,632	'	'	'	'	'	'	'
Issuance of common Stock Share Issued for Acquisition July	'	'	'	951,432	'	'	'	'	'
Liquid Partners, LLC [Member]	'	'	'	'	'	'	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'	'	'	'
Business Combination, Contingent Consideration, Liability	8,331,000	'	8,331,000	8,331,000	'	'	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	10,300,000	'	10,300,000	10,300,000	'	'	'	'	'
Liquid Partners, LLC [Member] | Common Stock [Member]	'	'	'	'	'	'	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$1,969,000	'	$1,969,000	$1,969,000	'	'	'	'	'

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended							9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2013
Income Taxes [Line Items]	'	'	'	'	'	'	'	'	'	'
Loss before income taxes	($9,409,336)	($10,939,261)	($21,779,420)	($5,181,290)	($24,023,460)	($1,631,176)	($12,695,568)	($38,350,204)	($38,350,204)	($47,309,307)

Income_Taxes_Details_1

Income Taxes (Details 1) (USD $)	3 Months Ended							9 Months Ended		12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2013
Current:	'	'	'	'	'	'	'	'	'	'
U.S. federal	'	'	'	'	'	'	'	'	$0	$0
U.S. state and local	'	'	'	'	'	'	'	'	0	0
Total current income taxes	'	'	'	'	'	'	'	'	0	0
Deferred:	'	'	'	'	'	'	'	'	'	'
U.S. federal	'	'	'	'	'	'	'	'	0	-555,317
U.S. state and local	'	'	'	'	'	'	'	'	-104,340	-141,943
Total deferred income taxes	'	'	'	'	'	'	'	104,340	-104,340	-697,260
Total provision for income taxes	($1,822,957)	$1,309,903	($112,231)	($71,975)	($65,658)	($4,404)	($34,278)	($104,340)	($104,340)	($697,260)

Income_Taxes_Details_2

Income Taxes (Details 2)	1 Months Ended	9 Months Ended	12 Months Ended
	Jul. 24, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Taxes [Line Items]	'	'	'
Statutory U.S. federal tax rate	4.00%	35.00%	35.00%
Change in tax status	'	-35.00%	-26.29%
State and local taxes, net of U.S. federal tax effect	'	4.00%	0.20%
Permanent differences	'	-3.06%	-0.40%
Valuation allowance	'	-0.70%	-7.03%
Other, net	'	0.03%	-0.01%
Effective tax rate	'	0.27%	1.47%

Income_Taxes_Details_3

Income Taxes (Details 3) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current deferred tax assets:	'	'
Property and equipment	$87,970	$0
Share-based compensation	1,315,836	0
Deferred compensation	335,562	0
Deferred rent	9,040	0
Net operating loss carryforwards	1,057,135	267,000
Total current deferred tax assets	2,805,543	267,000
Less: Valuation allowance	-2,489	-267,000
Net current deferred tax assets	2,803,054	0
Current deferred tax liabilities:	'	'
Intangible amortization	-2,803,054	-268,160
Net current deferred tax liabilities	0	268,160
Net current deferred tax assets (liabilities)	0	-268,160
Non-current deferred tax assets:	'	'
Property and equipment	16,224	0
Share-based compensation	875,891	0
Net operating loss carryforwards	4,514,400	0
Total non-current deferred tax assets	5,406,515	0
Less: Valuation allowance	-3,589,656	0
Net non-current deferred tax assets	1,816,859	0
Non-current deferred tax liabilities:	'	'
Intangible amortization	-1,816,859	-420,323
Property and equipment	0	-8,777
Net non-current deferred tax liabilities	0	429,100
Net non-current deferred tax assets (liabilities)	$0	($429,100)

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	1 Months Ended	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jul. 24, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Taxes [Line Items]	'	'	'
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	4.00%	35.00%	35.00%
Deferred Tax Assets, Valuation Allowance	'	'	$3.60
Valuation Allowance, Deferred Tax Asset, Change in Amount	'	'	3.3
Operating Loss Carry forwards Expiration Period	'	'	'2033
Operating Loss Carryforwards	'	'	$12.60

Computation_of_Loss_per_Share_1

Computation of Loss per Share (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Net loss

($7,586,379)

($12,249,164)

($21,667,189)

($5,109,315)

($23,957,802)

($1,626,772)

($12,661,290)

($38,245,864)

($46,612,047)

($38,245,864)

($38,245,864)

Loss applicable to common shares

'

'

'

'

'

'

'

'

($46,612,047)

'

($38,245,864)

Weighted average common shares outstanding

'

'

'

'

'

'

'

15,517,444

22,230,943

'

15,517,444

Basic and diluted loss per common share

($0.31)

[1]

($0.52)

[1]

($1.04)

[1]

($0.26)

[1]

($1.32)

[1]

($0.11)

[1]

($1.01)

[1]

($2.46)

[1]

($2.10)

[1]

'

($2.46)

[1]

Basic and diluted loss per share are computed independently for each of the quarters presented, therefore, the sum of quarterly basic and diluted loss per share information may not equal annual basic and diluted loss per share.

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)

12 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2013

Jun. 24, 2013

Jun. 20, 2013

29-May-13

16-May-13

14-May-13

13-May-13

10-May-13

1-May-13

Mar. 12, 2013

Feb. 28, 2013

Jan. 15, 2013

Jan. 09, 2013

Apr. 30, 2013

Dec. 31, 2013

14-May-13

Jan. 15, 2013

14-May-13

15-May-13

14-May-13

Private Placement [Member]

Private Placement [Member]

Director [Member]

Director [Member]

Chief Executive Officer [Member]

D&L Partners [Member]

D&L Partners [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number Of Common Stock Shares Sold

'

'

'

'

15,329

70,898

61,317

'

'

46,096

18,193

90,786

43,577

'

'

47,904

'

766,466

191,616

'

Value Of Common Shares Sold

'

'

'

'

$100,000

$500,000

$400,000

'

'

$250,000

$100,000

'

$300,000

'

'

$312,500

$375,000

$5,000,000

$1,350,000

'

Fair Value Of Common Shares Sold

'

'

'

'

115,600

534,650

462,400

'

'

350,626

140,250

'

338,102

'

'

361,250

702,622

5,780,000

1,445,000

'

Common Shares Transferred

'

67,035

191,558

95,808

'

'

'

191,616

541,901

'

'

'

'

'

'

'

'

'

'

104,431

Fair Value Of Common Shares Transferred

'

505,750

1,445,000

722,500

'

'

'

1,445,000

3,973,750

'

'

'

'

'

'

'

'

'

'

787,525

Proceeds from Issuance of Private Placement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,300,000

'

'

'

'

'

Number Of Common Shares Exchanged

'

'

'

'

'

'

'

'

'

'

'

'

'

'

394,098

'

'

'

'

'

Stock Issued During Period, Shares, New Issues

'

'

'

'

'

'

'

'

'

'

'

'

'

720,498

'

'

'

'

'

'

Stock Issued During Period, Value, New Issues

'

'

'

'

'

'

'

'

'

'

'

'

'

5,300,000

'

'

'

'

'

'

Allocated Share-based Compensation Expense

$10,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

$5,300,000

'

'

'

'

'

Net_Capital_Requirement_Detail

Net Capital Requirement (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Future [Member]	'	'
Capital Requirement [Line Items]	'	'
Net Capital	$84,771	$1,139,663
Excess Net Capital	39,771	139,663
Institutional [Member]	'	'
Capital Requirement [Line Items]	'	'
Net Capital	204,451	200,297
Excess Net Capital	135,621	134,222
Prime [Member]	'	'
Capital Requirement [Line Items]	'	'
Net Capital	291,791	798,941
Excess Net Capital	$191,791	$698,941

Net_Capital_Requirement_Detail1

Net Capital Requirement (Details Textual)	Dec. 31, 2013	Mar. 26, 2013	Mar. 26, 2013	Mar. 26, 2013	Mar. 26, 2013
	USD ($)	Future [Member]	Future [Member]	institutional [Member]	Prime [Member]
		Maximum [Member]	Minimum [Member]	EUR (€)	USD ($)
		USD ($)	USD ($)
Capital Requirement [Line Items]	'	'	'	'	'
Minimum Net Capital Required For Entity	'	$1,000,000	$45,000	€ 50,000	$100,000
Minimum Net Capital Required	$214,000	'	'	'	'

Supplementary_Financial_Inform2

Supplementary Financial Information (Unaudited) (Details) (USD $)	3 Months Ended								9 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2013
Supplementary Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'
Cost of revenues, software services	$459,104	$398,121	$311,536	$284,040	$273,566	$115,294	$0	$0	$388,860	$1,452,801
Compensation	3,956,455	6,065,772	6,809,735	2,053,456	19,694,381	328,665	8,262,374	0	28,285,420	18,885,418
Consulting fees	544,695	221,333	11,636,855	324,229	'	'	'	'	3,081,002	12,727,112
Professional fees	'	'	'	'	305,171	218,185	1,127,876	0	1,651,232	3,676,863
Computer related and software development	833,204	608,175	595,508	435,652	241,544	124,590	47,914	0	414,048	2,472,539
Scenario, Previously Reported [Member]	'	'	'	'	'	'	'	'	'	'
Supplementary Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'
Cost of revenues, software services	'	'	648,307	577,160	499,714	190,476	'	'	690,190	'
Compensation	'	'	6,851,735	2,087,456	19,718,381	352,665	'	'	28,333,420	'
Consulting fees	'	'	11,630,299	324,732	'	'	'	'	'	'
Professional fees	'	'	'	'	298,422	218,185	'	'	1,644,483	'
Computer related and software development	'	'	223,293	108,029	-1,855	25,408	'	'	71,467	'
Restatement Adjustment [Member]	'	'	'	'	'	'	'	'	'	'
Supplementary Financial Information [Line Items]	'	'	'	'	'	'	'	'	'	'
Cost of revenues, software services	'	'	-336,771	-293,120	-226,148	-75,182	'	'	'	'
Compensation	'	'	-42,000	-34,000	-24,000	-24,000	'	'	'	'
Consulting fees	'	'	6,556	-503	'	'	'	'	'	'
Professional fees	'	'	'	'	6,749	0	'	'	'	'
Computer related and software development	'	'	$372,215	$327,623	$243,399	$99,182	'	'	'	'

Supplementary_Financial_Inform3

Supplementary Financial Information (Unaudited) (Details 1) (USD $)	3 Months Ended														9 Months Ended			12 Months Ended
	Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2012		Sep. 30, 2012		Jun. 30, 2012		Dec. 31, 2012		Dec. 31, 2012	Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2012
Supplementary Financial Information Line Item [Line Items]	'		'		'		'		'		'		'		'		'	'		'	'
Total revenues	$909,491		$732,388		$1,393,954		$1,762,464		$1,488,285		$675,946		$163,551		$2,327,782		'	$4,798,297		'	'
Cost of revenues	459,104		398,121		812,481		1,031,287		856,249		267,283		82,887		1,206,419		'	2,700,993		'	'
Gross profit	450,387		334,267		581,473		731,177		632,036		408,663		80,664		1,121,363		'	2,097,304		'	'
Total operating expenses	9,783,825		10,794,878		22,350,995		5,887,725		22,840,211		3,537,042		12,786,951		39,164,204		'	48,817,423		'	'
Loss from operations	-9,333,438		-10,460,611		-21,769,522		-5,156,548		-22,208,175		-3,128,379		-12,706,287		-38,042,841		'	-46,720,119		'	'
Total non-operating income (expense)	-75,898		-478,650		-9,898		-24,742		-1,815,285		1,497,203		10,719		-307,363		'	-589,188		'	'
Loss before income taxes	-9,409,336		-10,939,261		-21,779,420		-5,181,290		-24,023,460		-1,631,176		-12,695,568		-38,350,204		-38,350,204	-47,309,307		'	'
Income tax expense (benefit)	-1,822,957		1,309,903		-112,231		-71,975		-65,658		-4,404		-34,278		-104,340		-104,340	-697,260		'	'
Net loss	($7,586,379)		($12,249,164)		($21,667,189)		($5,109,315)		($23,957,802)		($1,626,772)		($12,661,290)		($38,245,864)		'	($46,612,047)		($38,245,864)	($38,245,864)
Basic and diluted loss per share	($0.31)	[1]	($0.52)	[1]	($1.04)	[1]	($0.26)	[1]	($1.32)	[1]	($0.11)	[1]	($1.01)	[1]	($2.46)	[1]	'	($2.10)	[1]	'	($2.46)
[1]	Basic and diluted loss per share are computed independently for each of the quarters presented, therefore, the sum of quarterly basic and diluted loss per share information may not equal annual basic and diluted loss per share.

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (USD $)	12 Months Ended	1 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Feb. 26, 2014	Mar. 06, 2014	Feb. 26, 2014
		Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
					Revolving Promissory Note One [Member]
Subsequent Event [Line Items]	'	'	'	'	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	4.00%	'	'
Line of Credit Facility, Maximum Borrowing Capacity	'	'	$7,500,000	'	$3,750,000
Debt Instrument, Maturity Date	'	'	30-Apr-15	'	'
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	'	'	0.50%	'	'
Personal Guaranty On Funding Of Loans	'	'	'	3,750,000	'
Percentage Of Fee Payable On Gauranteed Amount	'	'	'	0.50%	'
Loss Contingency, Damages Sought, Value	$3,000,000	$500,000	'	'	'