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Derivatives - Fair Value of Derivative Contracts (Parenthetical) (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]          
Derivative contract, Assets $ 68,696   $ 68,696   $ 92,528
Valuation of derivative asset     37,181 $ (6,327)  
Derivative contract, Notional Amounts 2,020,123   2,020,123   1,814,834
Forward Contracts [Member]          
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]          
Derivative contract, Assets [1] 42,005   42,005   85,796
Derivative contract, Notional Amounts [2] 1,531,459   1,531,459   1,574,114
Forward Contracts [Member] | NASDAQ [Member]          
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]          
Derivative contract, Assets 40,400   40,400   77,600
Valuation of derivative asset (8,200) $ 9,100 (37,200) $ 6,300  
Derivative contract, Notional Amounts $ 361,000   $ 361,000   $ 361,000
[1] Included in Forwards is $40.4 million and $77.6 million of the Nasdaq Forwards as of September 30, 2019 and December 31, 2018, respectively (See Note 1 “Organization and Basis of Presentation”). Unrealized gains/(losses) for the change in the fair value of the Nasdaq Forwards for the three months ended September 30, 2019 and 2018 was $(8.2) million and $9.1 million, respectively and $(37.2) million and $6.3 million for the nine months ended September 30, 2019 and 2018, respectively.
[2] Notional amounts represent the sum of gross long and short derivative contracts, an indication of the volume of Newmark’s derivative activity, and does not represent anticipated losses. Included in the notional amounts of forwards is $361.0 million for the Nasdaq Forwards as of September 30, 2019 and December 31, 2018.