As of

June 30, 2026

December 31, 2025

(In thousands)

Receivables from broker-dealers, clearing organizations and customers:

Securities failed-to-deliver – broker-dealers and clearing organizations

$

500,597

$

244,405

Securities failed-to-deliver – customers

592,254

131,632

Cash deposits with clearing organizations and broker-dealers

122,677

107,223

Other

12,925

5,951

Total

$

1,228,453

$

489,211

Payables to broker-dealers, clearing organizations and customers:

Securities failed-to-receive – broker-dealers and clearing organizations

$

479,823

$

224,844

Securities failed-to-receive – customers

372,280

93,107

Other

11,443

8,008

Total

$

863,546

$

325,959