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Cash and Cash Equivalents and Restricted Cash
3 Months Ended
Mar. 31, 2025
Cash and Cash Equivalents [Abstract]  
Cash and Cash Equivalents and Restricted Cash

16. Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents together with restricted or segregated cash as reported within the Consolidated Statements of Financial Condition to the sum of the same such amounts shown in the Consolidated Statements of Cash Flows:

 

 

 

As of

 

 

Statement of Financial Condition Location

 

March 31, 2025

 

 

December 31, 2024

 

 

 

 

(In thousands)

 

Cash and cash equivalents

Cash and cash equivalents

 

$

486,224

 

 

$

544,478

 

Cash segregated for regulatory
   purposes

Cash segregated under federal
   regulations

 

 

47,514

 

 

 

47,107

 

Restricted cash deposits with clearing
   organizations and broker-dealers

Receivables from broker-dealers,
   clearing organizations
   and customers

 

 

110,544

 

 

 

107,652

 

Other cash deposits

Prepaid expenses and other assets

 

 

172

 

 

 

1,222

 

Total

 

 

$

644,454

 

 

$

700,459