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Receivables from and Payables to Broker-dealers, Clearing Organizations and Customers (Tables)
12 Months Ended
Dec. 31, 2023
Due to and from Broker-Dealers and Clearing Organizations [Abstract]  
Schedule of Receivables from and Payables to Broker-dealers, Clearing Organizations and Customers

Receivables from and payables to broker-dealers, clearing organizations and customers consisted of the following:

 

 

As of

 

 

December 31, 2023

 

 

December 31, 2022

 

Receivables from broker-dealers, clearing organizations and customers:

(In thousands)

 

Securities failed-to-deliver – broker-dealers and clearing organizations

$

 

282,125

 

 

$

 

144,523

 

Securities failed-to-deliver – customers

 

 

284,322

 

 

 

 

235,056

 

Deposits with clearing organizations and broker-dealers

 

 

115,151

 

 

 

 

88,923

 

Other

 

 

6,338

 

 

 

 

7,833

 

Total

$

 

687,936

 

 

$

 

476,335

 

 

 

 

 

 

 

 

 

Payables to broker-dealers, clearing organizations and customers:

 

 

 

 

 

 

 

Securities failed-to-receive – broker-dealers and clearing organizations

$

 

125,022

 

 

$

 

224,816

 

Securities failed-to-receive – customers

 

 

405,186

 

 

 

 

71,828

 

Other

 

 

7,190

 

 

 

 

7,349

 

Total

$

 

537,398

 

 

$

 

303,993