Receivables from/Payables to Broker-Dealers and Clearing Organizations (Details) - USD ($) $ in Thousands |
Jun. 30, 2025 |
Dec. 31, 2024 |
|---|---|---|
| Assets | ||
| Due from prime brokers | $ 421,302 | $ 344,662 |
| Deposits with clearing organizations | 236,384 | 223,582 |
| Net equity with futures commission merchants | 229,875 | 199,771 |
| Unsettled trades with clearing organizations | 121,281 | 17,239 |
| Securities failed to deliver | 282,703 | 274,072 |
| Commissions and fees | 44,423 | 41,524 |
| Total receivables from broker-dealers and clearing organizations | 1,335,968 | 1,100,850 |
| Liabilities | ||
| Due to prime brokers | 970,546 | 583,914 |
| Net equity with futures commission merchants | (18,445) | (16,651) |
| Unsettled trades with clearing organizations | 512 | 251,036 |
| Securities failed to receive | 276,766 | 94,941 |
| Commissions and fees | 4,609 | 5,326 |
| Total payables to broker-dealers and clearing organizations | $ 1,233,988 | $ 918,566 |
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- Definition Amount payable to other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount receivable from broker-dealers from commissions for executing orders on the floor of an exchange. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount payable to broker-dealers or clearing organizations for executing or clearing trades or orders. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount receivable from correspondent broker-dealer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount payable to correspondent broker-dealer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of right to receive cash and securities on deposit with clearing organizations. Clearing organizations perform post trade processing and trade comparisons among numerous broker-dealers and act as settlement agents between buying and selling broker-dealers. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount receivable as the result of a fail-to-deliver. A fail-to-deliver is a securities sale to another broker-dealer that has not been delivered to buying broker-dealer by the close of business on the settlement date. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount payable as the result of fail-to-receive. A fail-to-receive is a securities purchase from another broker-dealer not received from the selling broker-dealer by the close of business on the settlement date. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Represents the amount of net equity with futures commission merchants, asset. No definition available.
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- Definition Represents the amount of net equity with futures commission merchants, liability. No definition available.
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- Definition Represents the amount receivable for unsettled trades. No definition available.
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- Definition Represents the amount payable for unsettled trade liabilities. No definition available.
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