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Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers
 3 Months Ended
Mar. 31, 2023
Broker-Dealer [Abstract]  
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-DealersReceivables 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 March 31, 2023 and December 31, 2022, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):
March 31, 2023December 31, 2022
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver$1,639,830$404,076 
Receivables from clearing organizations170,925132,149 
Other receivables from broker-dealers and customers30,84219,693 
Net pending trades3,420— 
Open derivative contracts7,0453,762 
Total$1,852,062$559,680 
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive$1,529,893$362,682 
Payables to clearing organizations122,22416,855 
Other payables to broker-dealers and customers16,24115,871 
Net pending trades— 1,634 
Open derivative contracts7,5687,633 
Total$1,675,926$404,675 
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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 March 31, 2023 have subsequently settled at the contracted amounts.