Securities Owned

9 Months Ended

Sep. 30, 2017

Investments Debt And Equity Securities [Abstract]

Securities Owned

7. Securities Owned

Securities owned primarily consist of unencumbered U.S. Treasury bills held for liquidity purposes. Total Securities owned were $32.1 million as of September 30, 2017 and $35.4 million as of December 31, 2016. For additional information, see Note 13—“Fair Value of Financial Assets and Liabilities.”