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Receivables from and Payables to Broker-dealers, Clearing organizations and Customers
6 Months Ended
Jun. 30, 2024
Due to and from Broker-Dealers and Clearing Organizations [Abstract]  
Receivables from and Payables to Broker-dealers, Clearing Organizations and Customers

5. 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

 

 

June 30, 2024

 

 

December 31, 2023

 

Receivables from broker-dealers, clearing organizations and customers:

(In thousands)

 

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

$

 

135,313

 

 

$

 

282,125

 

Securities failed-to-deliver – customers

 

 

333,048

 

 

 

 

284,322

 

Cash deposits with clearing organizations and broker-dealers

 

 

93,754

 

 

 

 

115,151

 

Other

 

 

15,877

 

 

 

 

6,338

 

Total

$

 

577,992

 

 

$

 

687,936

 

 

 

 

 

 

 

 

 

Payables to broker-dealers, clearing organizations and customers:

 

 

 

 

 

 

 

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

$

 

226,163

 

 

$

 

125,022

 

Securities failed-to-receive – customers

 

 

157,822

 

 

 

 

405,186

 

Other

 

 

8,861

 

 

 

 

7,190

 

Total

$

 

392,846

 

 

$

 

537,398