Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 164,934	$ 181,415
Restricted cash	1,119,360
Securities borrowed	285,219	220,005
Receivables from broker dealers and clearing organizations	385,368	448,728
Trading assets, at fair value:
Financial instruments owned	1,238,409	1,683,999
Financial instruments owned and pledged	152,178	143,883
Property, equipment and capitalized software (net of accumulated depreciation of $113,828 and $113,184 as of June 30, 2017 and December 31, 2016, respectively)	33,000	29,660
Goodwill	718,521	715,379
Intangibles (net of accumulated amortization)	886	992
Deferred tax asset	198,289	193,859
Other assets ($37,770 and $36,480, at fair value, as of June 30, 2017 and December 31, 2016, respectively)	77,681	74,470
Total assets	4,373,845	3,692,390
Liabilities
Short term borrowings	13,000	25,000
Securities loaned	345,184	222,203
Payables to broker dealers and clearing organizations	397,904	695,978
Trading liabilities, at fair value:
Financial instruments sold, not yet purchased	1,109,010	1,349,155
Tax receivable agreement obligations	231,639	231,404
Accounts payable and accrued expenses and other liabilities	131,304	69,281
Long-term borrowings	1,628,323	564,957
Total liabilities	3,856,364	3,157,978
Stockholders' Equity
Treasury stock, at cost, 453,066 and 453,066 shares at June 30, 2017 and December 31, 2016, respectively	(8,358)	(8,358)
Additional paid-in capital	164,835	155,536
Accumulated deficit	(16,051)	(1,254)
Accumulated other comprehensive income (loss)	1,446	(252)
Total stockholders' equity	141,873	145,673
Noncontrolling interest	375,608	388,739
Total equity	517,481	534,412
Total liabilities and equity	4,373,845	3,692,390
Class D
Stockholders' Equity
Common stock value	$ 1	$ 1