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

3 Months Ended

Mar. 31, 2024

Broker-Dealer [Abstract]

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

As of March 31, 2024 and December 31, 2023, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):

	March 31, 2024		December 31, 2023
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver	$	1,343,289	$	182,094
Receivables from clearing organizations	136,769		135,789
Other receivables from broker-dealers and customers	27,421		28,546
Net pending trades	5,289		—
Open derivative contracts	4,989		3,607
Total	$	1,517,757	$	350,036
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive	$	1,220,390	$	172,231
Payables to clearing organizations	100,007		10,846
Other payables to broker-dealers and customers	15,613		13,357
Net pending trades	—		76
Open derivative contracts	3,085		5,756
Total	$	1,339,095	$	202,266

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