Receivables From and Payables to Brokers, Dealers and Clearing Organizations

6 Months Ended

Jun. 30, 2025

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at June 30, 2025 and December 31, 2024, included (in thousands):

	June 30, 2025		December 31, 2024
Deposits paid for securities borrowed	$	342,130	$	269,831
Receivable from clearing organizations		251,797		201,748
Securities failed to deliver		43,130		14,886
	$	637,057	$	486,465

Amounts payable to brokers, dealers, and clearing organizations at June 30, 2025 and December 31, 2024, included (in thousands):

	June 30, 2025		December 31, 2024
Deposits received from securities loaned	$	400,000	$	178,928
Securities failed to receive		32,866		25,010
Payable to clearing organizations		14,766		11,311
	$	447,632	$	215,249

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.