v3.25.2
Collateralized Transactions (Tables)
6 Months Ended
Jun. 30, 2025
Collateralized Agreements [Abstract]  
Schedule of the Fair Value of Collateralized Transactions
The fair value of the collateralized transactions at June 30, 2025 and December 31, 2024 are summarized as follows:
(in thousands)June 30, 2025December 31, 2024
Securities received as collateral:
Securities borrowed$2,584,056 $2,222,054 
Securities purchased under agreements to resell1,084,322 983,753 
 $3,668,378 $3,205,807 
Schedule of Financial Instruments Owned and Pledged, where Counterparty has Right to Repledge
Financial instruments owned and pledged, where the counterparty has the right to repledge, at June 30, 2025 and December 31, 2024 consisted of the following:

(in thousands)June 30, 2025December 31, 2024
Equities$2,620,067 $2,269,299 
Exchange traded notes5,288 13,338 
 $2,625,355 $2,282,637