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

9 Months Ended

Sep. 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 September 30, 2024 and December 31, 2023 are as follows (in thousands):

	September 30, 2024		December 31, 2023
Financial instruments owned:
U.S. government securities	$	19,662	$	32,411
U.S. government agency securities		198,038		106,634
Agency mortgage-backed securities		369,513		159,903
Asset-backed securities		96,290		19,604
Corporate securities:
Fixed income securities		302,247		237,671
Equity securities		58,526		52,520
State and municipal securities		244,491		223,155
Other (1)		62,531		86,843
	$	1,351,298	$	918,741
Financial instruments sold, but not yet purchased:
U.S. government securities	$	441,703	$	273,653
Agency mortgage-backed securities		114,969		52,664
Corporate securities:
Fixed income securities		186,964		138,359
Equity securities		24,221		21,576
Other (2)		1,052		11,489
	$	768,909	$	497,741

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

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