v3.26.1
Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers (Tables)
 3 Months Ended
Mar. 31, 2026
Broker-Dealer [Abstract]  
Schedule of Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers As of March 31, 2026 and December 31, 2025, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):
March 31, 2026December 31, 2025
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver$1,614,514$284,804 
Receivables from clearing organizations152,524151,212 
Other receivables from broker-dealers and customers46,58229,591 
Net pending trades13,380— 
Open derivative contracts5,9012,428 
Total$1,832,901$468,035 
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive$1,484,850$275,290 
Payables to clearing organizations123,39010,237 
Other payables to broker-dealers and customers21,27818,114 
Net pending trades—1,115 
Open derivative contracts5,1861,608 
Total$1,634,704$306,364 
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1Includes receivables and payables with Cantor. See Note 13—“Related Party Transactions” for additional information.