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

6 Months Ended

Jun. 30, 2026

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
	June 30, 2026		December 31, 2025
	(In thousands)
Receivables from broker-dealers, clearing organizations and customers:
Securities failed-to-deliver – broker-dealers and clearing organizations	$	500,597	$	244,405
Securities failed-to-deliver – customers		592,254		131,632
Cash deposits with clearing organizations and broker-dealers		122,677		107,223
Other		12,925		5,951
Total	$	1,228,453	$	489,211
Payables to broker-dealers, clearing organizations and customers:
Securities failed-to-receive – broker-dealers and clearing organizations	$	479,823	$	224,844
Securities failed-to-receive – customers		372,280		93,107
Other		11,443		8,008
Total	$	863,546	$	325,959