v3.26.1
Collateralized transactions (Tables)
6 Months Ended
Jun. 30, 2026
Broker-Dealer [Abstract]  
Schedule of Disaggregation of Gross Obligation by Class of Collateral Pledged and Remaining Contractual Maturity of Repurchase Agreements and Securities Loaned Transactions
(Expressed in thousands)
Overnight and Open
Repurchase agreements:
U.S. Treasury securities$1,225,282 
Securities loaned:
Corporate equities392,375 
Gross amount of recognized liabilities for repurchase agreements and securities loaned$1,617,657 
Schedule of Gross Amounts and Offsetting Amounts of Reverse Repurchase Agreements, Repurchase Agreements, Securities Borrowed and Securities Loaned Transactions
The following tables present the gross amounts and the offsetting amounts of reverse repurchase agreements, repurchase agreements, securities borrowed and securities loaned transactions as of June 30, 2026 and December 31, 2025:
 As of June 30, 2026
 (Expressed in thousands)
   Gross Amounts Not Offset
on the Condensed Balance Sheet
 
 Gross
Amounts
Gross Amounts
Offset on the
Condensed Balance Sheet
Net Amounts
Presented on
the Condensed Balance Sheet
Financial
Instruments
Cash
Collateral
Received or Pledged
Net Amounts
Assets
Reverse purchase agreements$242,167 $(242,167)$— $— $— $— 
Securities borrowed (1)
154,634 — 154,634 (151,384)— 3,250 
Liabilities
Repurchase agreements$1,225,282 $(242,167)$983,115 $(983,115)$— $— 
Securities loaned (2)
392,375 — 392,375 (383,566)— 8,809 

As of December 31, 2025
(Expressed in thousands) 
   Gross Amounts Not Offset
on the Condensed Balance Sheet
 
 Gross
Amounts
Gross Amounts
Offset on the Condensed Balance Sheet
Net Amounts
Presented on
the Condensed Balance Sheet
Financial
Instruments
Cash
Collateral
Received or Pledged
Net Amounts
Assets
Reverse purchase agreements$175,765 $(175,765)$— $— $— $— 
Securities borrowed (1)
160,006 — 160,006 (152,278)— 7,728 
Liabilities
Repurchase agreements$1,172,957 $(175,765)$997,192 $(997,192)$— $— 
Securities loaned (2)
370,331 — 370,331 (357,814)— 12,517 
(1)Included in receivables from brokers, dealers and clearing organizations on the condensed consolidated balance sheet
(2)Included in payables to brokers, dealers and clearing organizations on the condensed consolidated balance sheet