Receivables From and Payables to Brokers, Dealers, and Clearing Organizations (Tables)

3 Months Ended

Mar. 31, 2026

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Amounts Receivable from 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

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