Securities Owned

9 Months Ended

Sep. 30, 2018

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 $75.9 million as of September 30, 2018 and $33.0 million as of December 31, 2017. For additional information, see Note 13—“Fair Value of Financial Assets and Liabilities.”