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Receivables from and Payables to Broker-dealers, Clearing organizations and Customers
9 Months Ended
Sep. 30, 2025
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

 

 

September 30, 2025

 

 

December 31, 2024

 

Receivables from broker-dealers, clearing organizations and customers:

(In thousands)

 

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

$

 

184,441

 

 

$

 

109,307

 

Securities failed-to-deliver – customers

 

 

297,606

 

 

 

 

136,424

 

Cash deposits with clearing organizations and broker-dealers

 

 

119,942

 

 

 

 

107,652

 

Other

 

 

4,678

 

 

 

 

4,345

 

Total

$

 

606,667

 

 

$

 

357,728

 

 

 

 

 

 

 

 

 

Payables to broker-dealers, clearing organizations and customers:

 

 

 

 

 

 

 

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

$

 

254,622

 

 

$

 

158,694

 

Securities failed-to-receive – customers

 

 

101,514

 

 

 

 

51,916

 

Other

 

 

9,692

 

 

 

 

8,235

 

Total

$

 

365,828

 

 

$

 

218,845