v3.26.1
Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers (Tables)
 6 Months Ended
Jun. 30, 2026
Broker-Dealer [Abstract]  
Schedule of Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers As of June 30, 2026 and December 31, 2025, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):
June 30, 2026December 31, 2025
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver$1,499,096$284,804 
Receivables from clearing organizations156,016151,212 
Other receivables from broker-dealers and customers45,77529,591 
Net pending trades4,400— 
Open derivative contracts14,3082,428 
Total$1,719,595$468,035 
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive$1,439,766$275,290 
Payables to clearing organizations31,92110,237 
Other payables to broker-dealers and customers19,94018,114 
Net pending trades—1,115 
Open derivative contracts12,5901,608 
Total$1,504,217$306,364 
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1Includes receivables and payables with Cantor. See Note 13—“Related Party Transactions” for additional information.