Receivables From and Payables to Brokers, Dealers, and Clearing Organizations (Tables)

6 Months Ended

Jun. 30, 2026

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Amounts Receivable from Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at June 30, 2026 and December 31, 2025, included (in thousands):


		June 30, 2026				December 31, 2025
Deposits paid for securities borrowed		$	434,785			$	315,561
Receivable from clearing organizations			363,822				248,371
Securities failed to deliver			66,239				7,731
Total receivables from brokers, dealers, and clearing organizations		$	864,846			$	571,663

Amounts Payable to Brokers, Dealers, and Clearing Organizations

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2026 and December 31, 2025, included (in thousands):


		June 30, 2026				December 31, 2025
Deposits received from securities loaned		$	451,267			$	252,137
Securities failed to receive			30,306				30,906
Payable to clearing organizations			5,617				20,335
Total payables to brokers, dealers, and clearing organizations		$	487,190			$	303,378