Financial Instruments Owned and Financial Instruments Sold, But Not Yet Purchased (Tables)

9 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Components of Trading Securities Owned and Trading Securities Sold, But Not Yet Purchased

The components of financial instruments owned and financial instruments sold, but not yet purchased, at September 30, 2023 and December 31, 2022 are as follows (in thousands):

	September 30, 2023		December 31, 2022
Financial instruments owned:
U.S. government securities	$	10,479	$	38,956
U.S. government agency securities		158,086		73,608
Agency mortgage-backed securities		199,294		172,642
Asset-backed securities		63,046		8,270
Corporate securities:
Fixed income securities		321,842		202,169
Equity securities		43,091		38,129
State and municipal securities		163,139		126,237
Other (1)		97,768		71,741
	$	1,056,745	$	731,752
Financial instruments sold, but not yet purchased:
U.S. government securities	$	334,630	$	254,265
U.S. government agency securities		5,439		3,971
Agency mortgage-backed securities		70,344		44,793
Corporate securities:
Fixed income securities		135,080		134,381
Equity securities		20,114		11,590
Other (2)		12,683		5,817
	$	578,290	$	454,817

(1) Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt.

(2) Includes asset-backed securities, syndicated loans, and state and municipal securities.