Collateralized Transactions

6 Months Ended

Jun. 30, 2020

Brokers And Dealers [Abstract]

Collateralized Transactions

9. Collateralized Transactions

Securities Loaned

As of June 30, 2020, the Company did not have any Securities loaned transactions with Cantor. As of December 31, 2019, the Company had Securities loaned transactions of $13.9 million with CF&Co. The fair value of the securities loaned was $13.9 million. As of December 31, 2019, the cash collateral received from Cantor bore an annual interest rate of 2.45%. These transactions had no stated maturity date.