Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers

9 Months Ended

Sep. 30, 2022

Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers

Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers primarily represent amounts due for undelivered securities, cash held at clearing organizations and exchanges to facilitate settlement and clearance of matched principal transactions, spreads on matched principal transactions that have not yet been remitted from/to clearing organizations and exchanges and amounts related to open derivative contracts (see Note 11—“Derivatives”). As of September 30, 2022 and December 31, 2021, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):


	September 30, 2022		December 31, 2021
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver	$	2,023,386	$	640,696
Receivables from clearing organizations	138,018		118,979
Other receivables from broker-dealers and customers	17,325		14,386
Net pending trades	6,413		5,506
Open derivative contracts	10,968		2,879
Total	$	2,196,110	$	782,446
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive	$	1,921,895	$	617,018
Payables to clearing organizations	65,604		22,679
Other payables to broker-dealers and customers	16,501		13,732
Open derivative contracts	8,127		2,849
Total	$	2,012,127	$	656,278

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1Includes receivables and payables with Cantor. See Note 13—“Related Party Transactions” for additional information.

Substantially all open fails to deliver, open fails to receive and pending trade transactions as of September 30, 2022 have subsequently settled at the contracted amounts.