As of

March 31, 2026

December 31, 2025

(In thousands)

Receivables from broker-dealers, clearing organizations and customers:

Securities failed-to-deliver – broker-dealers and clearing organizations

$

425,549

$

244,405

Securities failed-to-deliver – customers

426,627

131,632

Cash deposits with clearing organizations and broker-dealers

120,471

107,223

Other

4,402

5,951

Total

$

977,049

$

489,211

Payables to broker-dealers, clearing organizations and customers:

Securities failed-to-receive – broker-dealers and clearing organizations

$

483,219

$

224,844

Securities failed-to-receive – customers

202,342

93,107

Other

10,741

8,008

Total

$

696,302

$

325,959