Receivables from/Payables to Broker-Dealers and Clearing Organizations (Details) - USD ($) $ in Thousands |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Assets | ||
| Due from prime brokers | $ 1,347,178 | $ 902,859 |
| Deposits with clearing organizations | 592,473 | 253,010 |
| Net equity with futures commission merchants | 488,052 | 455,105 |
| Unsettled trades with clearing organizations | 5,905 | 28,354 |
| Securities failed to deliver | 721,413 | 220,326 |
| Commissions and fees | 52,443 | 36,751 |
| Total receivables from broker-dealers and clearing organizations | 3,207,464 | 1,896,405 |
| Liabilities | ||
| Due to prime brokers | 570,128 | 612,679 |
| Net equity with futures commission merchants | 5,539 | (4,278) |
| Unsettled trades with clearing organizations | 186,777 | 238,872 |
| Securities failed to receive | 268,690 | 145,548 |
| Commissions and fees | 5,237 | 5,455 |
| Total payables to broker-dealers and clearing organizations | $ 1,036,371 | $ 998,276 |
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- Definition Amount payable to other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount receivable from broker-dealers from commissions for executing orders on the floor of an exchange. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount payable to broker-dealers or clearing organizations for executing or clearing trades or orders. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount receivable from correspondent broker-dealer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount payable to correspondent broker-dealer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of right to receive cash and securities on deposit with clearing organizations. Clearing organizations perform post trade processing and trade comparisons among numerous broker-dealers and act as settlement agents between buying and selling broker-dealers. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount receivable as the result of a fail-to-deliver. A fail-to-deliver is a securities sale to another broker-dealer that has not been delivered to buying broker-dealer by the close of business on the settlement date. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount payable as the result of fail-to-receive. A fail-to-receive is a securities purchase from another broker-dealer not received from the selling broker-dealer by the close of business on the settlement date. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Represents the amount of net equity with futures commission merchants, asset. No definition available.
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- Definition Represents the amount of net equity with futures commission merchants, liability. No definition available.
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- Definition Represents the amount receivable for unsettled trades. No definition available.
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- Definition Represents the amount payable for unsettled trade liabilities. No definition available.
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