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

9 Months Ended

Sep. 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 September 30, 2026 and December 31, 2025, included (in thousands):


		September 30, 2026				December 31, 2025
Deposits paid for securities borrowed		$	514,097			$	315,561
Receivable from clearing organizations			447,653				248,371
Securities failed to deliver			45,392				7,731
Total receivables from brokers, dealers, and clearing organizations		$	1,007,142			$	571,663

Amounts Payable to Brokers, Dealers, and Clearing Organizations

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


		September 30, 2026				December 31, 2025
Deposits received from securities loaned		$	500,104			$	252,137
Securities failed to receive			108,632				30,906
Payable to clearing organizations			105,401				20,335
Total payables to brokers, dealers, and clearing organizations		$	714,137			$	303,378