Receivables From and Payables to Brokers, Dealers and Clearing Organizations (Tables)

6 Months Ended

Jun. 30, 2025

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

Amounts Receivable from 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

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