Fair Value of Financial Instruments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | $2,721,839 | | $654,875 | |
Total fair value of financial instrument assets | 2,898,074 | | 864,694 | |
Financial instruments sold, not yet purchased, at fair value | 2,165,500 | | 512,553 | |
Total fair value of financial instrument liabilities | 2,165,500 | | 512,553 | |
Equities [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 2,298,785 | [1] | 378,933 | [2] |
Financial instruments sold, not yet purchased, at fair value | 1,851,006 | [1] | 423,740 | [2] |
Listed equity options [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 339,798 | | 92,305 | |
Financial instruments sold, not yet purchased, at fair value | 252,282 | | 69,757 | |
Corporate debt [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 43,203 | | 68,765 | |
Financial instruments sold, not yet purchased, at fair value | 42,122 | | 19,056 | |
Securities on deposit with clearing organizations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Securities on deposit with clearing organizations | 170,235 | [3] | 7,147 | |
CME Group [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 3,925 | | 3,040 | |
Deferred compensation investments [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Deferred compensation investments | 117 | [4] | ' | |
Knight Preferred Share [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 1,958 | [4] | 199,632 | |
Loan inventory [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | ' | | 114,872 | |
U.S. government obligations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 40,053 | | ' | |
Financial instruments sold, not yet purchased, at fair value | 15,076 | | ' | |
Foreign currency forward contracts [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments sold, not yet purchased, at fair value | 5,014 | | ' | |
Level 1 [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 2,721,839 | | 654,875 | |
Total fair value of financial instrument assets | 2,895,999 | | 864,694 | |
Financial instruments sold, not yet purchased, at fair value | ' | | 512,553 | |
Total fair value of financial instrument liabilities | 2,160,486 | | 512,553 | |
Level 1 [Member] | Equities [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 2,298,785 | [1] | 378,933 | [2] |
Financial instruments sold, not yet purchased, at fair value | 1,851,006 | [1] | 423,740 | [2] |
Level 1 [Member] | Listed equity options [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 339,798 | | 92,305 | |
Financial instruments sold, not yet purchased, at fair value | 252,282 | | 69,757 | |
Level 1 [Member] | Corporate debt [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 43,203 | | 68,765 | |
Financial instruments sold, not yet purchased, at fair value | 42,122 | | 19,056 | |
Level 1 [Member] | Securities on deposit with clearing organizations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Securities on deposit with clearing organizations | 170,235 | [3] | 7,147 | |
Level 1 [Member] | CME Group [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 3,925 | | 3,040 | |
Level 1 [Member] | Deferred compensation investments [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Deferred compensation investments | 0 | [4] | ' | |
Level 1 [Member] | Knight Preferred Share [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 0 | [4] | 199,632 | |
Level 1 [Member] | Loan inventory [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | ' | | 114,872 | |
Level 1 [Member] | U.S. government obligations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 40,053 | | ' | |
Financial instruments sold, not yet purchased, at fair value | 15,076 | | ' | |
Level 1 [Member] | Foreign currency forward contracts [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments sold, not yet purchased, at fair value | 0 | | ' | |
Level 2 [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | 0 | |
Total fair value of financial instrument assets | 2,075 | | 0 | |
Financial instruments sold, not yet purchased, at fair value | ' | | 0 | |
Total fair value of financial instrument liabilities | 5,014 | | 0 | |
Level 2 [Member] | Equities [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | [1] | 0 | [2] |
Financial instruments sold, not yet purchased, at fair value | 0 | [1] | 0 | [2] |
Level 2 [Member] | Listed equity options [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | 0 | |
Financial instruments sold, not yet purchased, at fair value | 0 | | 0 | |
Level 2 [Member] | Corporate debt [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | 0 | |
Financial instruments sold, not yet purchased, at fair value | 0 | | 0 | |
Level 2 [Member] | Securities on deposit with clearing organizations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Securities on deposit with clearing organizations | 0 | [3] | 0 | |
Level 2 [Member] | CME Group [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 0 | | 0 | |
Level 2 [Member] | Deferred compensation investments [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Deferred compensation investments | 117 | [4] | ' | |
Level 2 [Member] | Knight Preferred Share [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 1,958 | [4] | 0 | |
Level 2 [Member] | Loan inventory [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | ' | | 0 | |
Level 2 [Member] | U.S. government obligations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | ' | |
Financial instruments sold, not yet purchased, at fair value | 0 | | ' | |
Level 2 [Member] | Foreign currency forward contracts [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments sold, not yet purchased, at fair value | 5,014 | | ' | |
Level 3 [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | 0 | |
Total fair value of financial instrument assets | 0 | | 0 | |
Financial instruments sold, not yet purchased, at fair value | ' | | 0 | |
Total fair value of financial instrument liabilities | 0 | | 0 | |
Level 3 [Member] | Equities [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | [1] | 0 | [2] |
Financial instruments sold, not yet purchased, at fair value | 0 | [1] | 0 | [2] |
Level 3 [Member] | Listed equity options [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | 0 | |
Financial instruments sold, not yet purchased, at fair value | 0 | | 0 | |
Level 3 [Member] | Corporate debt [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | 0 | |
Financial instruments sold, not yet purchased, at fair value | 0 | | 0 | |
Level 3 [Member] | Securities on deposit with clearing organizations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Securities on deposit with clearing organizations | 0 | [3] | 0 | |
Level 3 [Member] | CME Group [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 0 | | 0 | |
Level 3 [Member] | Deferred compensation investments [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Deferred compensation investments | 0 | [4] | ' | |
Level 3 [Member] | Knight Preferred Share [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Total fair value of financial instrument assets | 0 | [4] | 0 | |
Level 3 [Member] | Loan inventory [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | ' | | 0 | |
Level 3 [Member] | U.S. government obligations [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments owned, at fair value | 0 | | ' | |
Financial instruments sold, not yet purchased, at fair value | 0 | | ' | |
Level 3 [Member] | Foreign currency forward contracts [Member] | ' | | ' | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | | ' | |
Financial instruments sold, not yet purchased, at fair value | $0 | | ' | |
|
[1] | Equities of $697.9 million have been netted by their respective long and short positions by CUSIP number. |
[2] | Equities of $5.9 million have been netted by their respective long and short positions by CUSIP number. |
[3] | Securities on deposit with clearing organizations consist of U.S. government obligations and are recorded within Receivable from brokers, dealers and clearing organizations on the Consolidated Statements of Financial Condition. |
[4] | Investment in CME Group, Deferred compensation investments and Investment in Deephaven Funds are included within Investments on the Consolidated Statements of Financial Condition. |