v3.26.1
Collateralized Transactions (Tables)
6 Months Ended
Jun. 30, 2026
Collateralized Agreements [Abstract]  
Schedule of the Fair Value of Collateralized Transactions
The fair value of the collateralized transactions at June 30, 2026 and December 31, 2025 are summarized as follows:
(in thousands)June 30, 2026December 31, 2025
Securities received as collateral:
Securities borrowed$3,714,317 $3,083,612 
Securities purchased under agreements to resell1,855,760 988,274 
 $5,570,077 $4,071,886 
Schedule of Financial Instruments Owned and Pledged, where Counterparty has Right to Repledge
Financial instruments owned and pledged, where the counterparty has the right to repledge, at June 30, 2026 and December 31, 2025 consisted of the following:

(in thousands)June 30, 2026December 31, 2025
Equities$3,497,920 $3,200,345 
Exchange traded notes15,103 8,180 
 $3,513,023 $3,208,525