Securities Owned

9 Months Ended

Sep. 30, 2020

Investments Debt And Equity Securities [Abstract]

Securities Owned

8. Securities Owned

Securities owned primarily consist of unencumbered U.S. Treasury bills held for liquidity purposes. Total Securities owned were $58.5 million and $57.5 million as of September 30, 2020 and December 31, 2019, respectively. For additional information, see Note 13—“Fair Value of Financial Assets and Liabilities.”