v3.26.1
Receivables From and Payables to Brokers, Dealers, and Clearing Organizations
 3 Months Ended
Mar. 31, 2026
Due to and from Broker-Dealers and Clearing Organizations [Abstract]  
Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at March 31, 2026 and December 31, 2025, included (in thousands):

 

 

March 31, 2026

 

 

December 31,
2025

 

Deposits paid for securities borrowed

 

$

363,277

 

 

$

315,561

 

Receivable from clearing organizations

 

 

270,285

 

 

 

248,371

 

Securities failed to deliver

 

 

27,824

 

 

 

7,731

 

Total receivables from brokers, dealers, and clearing organizations

 

$

661,386

 

 

$

571,663

 

Amounts payable to brokers, dealers, and clearing organizations at March 31, 2026 and December 31, 2025, included (in thousands):

 

 

March 31, 2026

 

 

December 31,
2025

 

Deposits received from securities loaned

 

$

509,368

 

 

$

252,137

 

Securities failed to receive

 

 

86,722

 

 

 

30,906

 

Payable to clearing organizations

 

 

68,540

 

 

 

20,335

 

Total payables to brokers, dealers, and clearing organizations

 

$

664,630

 

 

$

303,378

 

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.