CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, except Share data, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities:
Net loss	$ (79,466)	$ (63,657)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization of stock-based compensation	5,817	4,495
Impairment of goodwill and intangible assets	3,969	21,096
Impairment of fixed assets - restructuring	3,475
Depreciation of fixed assets and amortization of leasehold improvements	623	971
Clawback of stock-based compensation awards subject to non-competition provisions	(397)	(1,579)
Investment losses, net	429	7
Amortization of intangible assets	196	247
Deferred income taxes		26,704
Changes in operating assets and liabilities:
Cash and securities segregated for regulatory and other purposes	7,000	8,462
Securities purchased under agreements to resell		(356,513)
Net receivable/payable from/to brokers, dealers and clearing organizations	(634,434)	(580,588)
Net receivable/payable from/to related parties	569	(4,387)
Net receivable from others	9,567	376
Financial instruments owned, at fair value	1,096,259	791,110
Income taxes receivable/payable, net	3,117	6,884
Other assets	(164)	(39)
Securities sold under agreements to repurchase	(159,386)	426,726
Securities sold, but not yet purchased, at fair value	(132,730)	(74,663)
Restructuring reserve (Refer to Note 20)	23,642
Accounts payable and accrued expenses	(3,788)	(3,491)
Accrued compensation	(32,083)	(10,734)
Drafts payable	11	1,065
Net cash provided by operating activities	112,226	192,492
Cash flows from investing activities:
Payment to former stockholders of Gleacher Partners, Inc. (Refer to Note 23)		(4,373)
Purchase of investments	(947)	(800)
ClearPoint sale - net payment to Homeward Residential, Inc.	(510)
Purchases of office equipment and leasehold improvements	(11)	(400)
Net cash used in investing activities	(1,468)	(5,573)
Cash flows from financing activities:
Proceeds from secured borrowings	185,381	859,125
Repayments of secured borrowings	(250,289)	(1,026,019)
Purchases of treasury stock		(1,151)
Payment for employee tax withholdings on stock-based compensation	(2,034)	(2,615)
Repayment of subordinated debt	(186)	(206)
Excess tax benefits related to stock-based compensation		8
Net cash used in financing activities	(67,128)	(170,858)
Increase in cash and cash equivalents	43,630	16,061
Cash and cash equivalents at beginning of the period	44,868	36,672
Cash and cash equivalents at the end of the period	$ 88,498	$ 52,733
NON CASH INVESTING AND FINANCING ACTIVITIES
Treasury stock, net of forfeitures, for stock-based compensation exercises and vesting (in shares)	10,000	345,000