v3.25.2
Derivative Instruments - Fair Value of Derivative Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Equities futures | Derivative instruments not designated as hedging instruments | Receivables from broker-dealers and clearing organizations    
Derivatives Assets    
Fair Value $ 11,673 $ (541)
Notional 1,106,975 1,069,167
Equities futures | Derivative instruments not designated as hedging instruments | Payables to broker-dealers and clearing organizations    
Derivatives Liabilities    
Fair Value 2,763 527
Notional 1,088,855 1,774,043
Commodity futures | Derivative instruments not designated as hedging instruments | Receivables from broker-dealers and clearing organizations    
Derivatives Assets    
Fair Value 48,791 5,096
Notional 8,319,473 5,610,161
Commodity futures | Derivative instruments not designated as hedging instruments | Payables to broker-dealers and clearing organizations    
Derivatives Liabilities    
Fair Value (3,218) (277)
Notional 60,084 56,331
Currency futures | Derivative instruments not designated as hedging instruments | Receivables from broker-dealers and clearing organizations    
Derivatives Assets    
Fair Value (19,437) (6,093)
Notional 4,728,532 5,211,677
Currency futures | Derivative instruments not designated as hedging instruments | Payables to broker-dealers and clearing organizations    
Derivatives Liabilities    
Fair Value 11 7,382
Notional 34,467 2,232,543
Fixed income futures | Derivative instruments not designated as hedging instruments | Receivables from broker-dealers and clearing organizations    
Derivatives Assets    
Fair Value (26) (3,890)
Notional 28,434 110,748
Fixed income futures | Derivative instruments not designated as hedging instruments | Payables to broker-dealers and clearing organizations    
Derivatives Liabilities    
Fair Value 730 (74)
Notional 520,133 21,077
Options    
Derivatives Assets    
Fair Value 6,779 55,423
Derivatives Liabilities    
Fair Value 14,747 5,240
Options | Derivative instruments not designated as hedging instruments | Financial instruments owned    
Derivatives Assets    
Fair Value 6,779 55,423
Notional 1,640,291 808,189
Options | Derivative instruments not designated as hedging instruments | Financial instruments sold, not yet purchased    
Derivatives Liabilities    
Fair Value 14,747 5,240
Notional 1,681,577 820,023
Currency forwards    
Derivatives Assets    
Fair Value 473,991 716,970
Derivatives Liabilities    
Fair Value 456,325 681,878
Currency forwards | Derivative instruments not designated as hedging instruments | Financial instruments owned    
Derivatives Assets    
Fair Value 473,991 716,970
Notional 39,730,857 42,202,047
Currency forwards | Derivative instruments not designated as hedging instruments | Financial instruments sold, not yet purchased    
Derivatives Liabilities    
Fair Value 456,325 681,878
Notional 39,722,025 42,184,501
Interest Rate Swap    
Derivatives Liabilities    
Fair Value 859 2,572
Interest Rate Swap | Derivative instruments designated as hedging instruments | Payables to broker-dealers and clearing organizations    
Derivatives Liabilities    
Fair Value 859 2,572
Notional $ 1,075,000 $ 1,075,000