Receivable from and payable to brokers, dealers and clearing organizations

6 Months Ended

Jun. 30, 2026

Receivables from and payables to brokers, dealers and clearing organizations


(Expressed in thousands)
	As of
	June 30, 2026		December 31, 2025
Receivables from brokers, dealers and clearing organizations consisting of:
Securities borrowed	$	154,634	$	160,006
Receivables from brokers	54,320		51,080
Securities failed to deliver	43,866		2,583
Clearing organizations	56,929		27,215
Trade date receivables, net	—		14,800
Other	7,479		4,317
Total	$	317,228	$	260,001
Payables to brokers, dealers and clearing organizations consisting of:
Securities loaned	$	392,375	$	370,331
Payables to brokers	3,907		728
Securities failed to receive	36,095		18,937
Trade date payables, net	181,210		—
Clearing organizations and other	9,864		8,001
Total	$	623,451	$	397,997