Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 164,967	$ 181,415
Securities borrowed	358,463	220,005
Receivables from broker dealers and clearing organizations	662,313	448,728
Trading assets, at fair value:
Financial instruments owned	1,630,581	1,683,999
Financial instruments owned and pledged	269,389	143,883
Property, equipment and capitalized software (net of accumulated depreciation of $112,092 and $113,184 as of March 31, 2017 and December 31, 2016, respectively)	34,071	29,660
Goodwill	715,379	715,379
Intangibles (net of accumulated amortization)	939	992
Deferred tax asset	197,330	193,859
Other assets ($38,055 and $36,480, at fair value, as of March 31, 2017 and December 31, 2016, respectively)	73,921	74,470
Total assets	4,107,353	3,692,390
Liabilities
Short term borrowings	22,000	25,000
Securities loaned	423,672	222,203
Payables to broker dealers and clearing organizations	589,688	695,978
Trading liabilities, at fair value:
Financial instruments sold, not yet purchased	1,673,802	1,349,155
Tax receivable agreement obligations	229,381	231,404
Accounts payable and accrued expenses and other liabilities	73,498	69,281
Long-term borrowings	565,317	564,957
Total liabilities	3,577,358	3,157,978
Stockholders' Equity
Treasury stock, at cost, 453,066 and 453,066 shares at March 31, 2017 and December 31, 2016, respectively	(8,358)	(8,358)
Additional paid-in capital	160,385	155,536
Accumulated deficit	(6,788)	(1,254)
Accumulated other comprehensive income	(17)	(252)
Total stockholders' equity	145,223	145,673
Noncontrolling interest	384,772	388,739
Total equity	529,995	534,412
Total liabilities and equity	4,107,353	3,692,390
Class D
Stockholders' Equity
Common stock value	$ 1	$ 1