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

6 Months Ended

Jun. 30, 2024

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 June 30, 2024 and December 31, 2023 are as follows (in thousands):

	June 30, 2024		December 31, 2023
Financial instruments owned:
U.S. government securities	$	10,901	$	32,411
U.S. government agency securities		194,979		106,634
Agency mortgage-backed securities		259,206		159,903
Asset-backed securities		89,007		19,604
Corporate securities:
Fixed income securities		293,994		237,671
Equity securities		69,216		52,520
State and municipal securities		271,417		223,155
Other (1)		72,496		86,843
	$	1,261,216	$	918,741
Financial instruments sold, but not yet purchased:
U.S. government securities	$	392,431	$	273,653
Agency mortgage-backed securities		74,742		52,664
Corporate securities:
Fixed income securities		133,943		138,359
Equity securities		29,122		21,576
Other (2)		4,073		11,489
	$	634,311	$	497,741

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

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