Securities Owned

3 Months Ended

Mar. 31, 2021

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 $59.5 million and $58.6 million as of March 31, 2021 and December 31, 2020, respectively. For additional information, see Note 12—“Fair Value of Financial Assets and Liabilities.”