Securities Loaned

9 Months Ended

Sep. 30, 2019

Investments Debt And Equity Securities [Abstract]

Securities Loaned

(20) Securities Loaned

As of September 30, 2019, Newmark had Securities loaned transactions with Cantor of $24.8 million. The fair value of the security loaned was $24.8 million. As of September 30, 2019, the cash collateral received from Cantor bore an interest rate of 2.33% . As of December 31, 2018, Newmark did not have any securities loaned transactions with Cantor. Securities loaned transactions are included in “Securities loaned” on the accompanying unaudited condensed consolidated balance sheets (See Note 7 — “Marketable Securities”).