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Collateralized Transactions (Tables)
 9 Months Ended
Sep. 30, 2020
Brokers and Dealers [Abstract]  
Transfer of Certain Financial Assets Accounted for as Secured Borrowings
The following table presents a disaggregation of the gross obligation by the class of collateral pledged and the remaining contractual maturity of the repurchase agreements and securities loaned transactions as of September 30, 2020:
(Expressed in thousands)
Overnight and Open
Repurchase agreements:
U.S. Government and Agency securities$444,290 
Securities loaned:
Equity securities291,969 
Gross amount of recognized liabilities for repurchase agreements and securities loaned$736,259 
Schedule of Gross Amounts and Offsetting Amounts of Reverse Repurchase Agreements, Repurchase Agreements, Securities Borrowed and Securities Lending Transactions
The following tables present the gross amounts and the offsetting amounts of reverse repurchase agreements, repurchase agreements, securities borrowed and securities loaned transactions as of September 30, 2020 and December 31, 2019:
As of September 30, 2020
 (Expressed in thousands)
   Gross Amounts Not Offset
on the Balance Sheet		 
 Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset on the
Balance Sheet		Net Amounts
of Assets
Presented on
the Balance
Sheet		Financial
Instruments		Cash
Collateral
Received		Net Amount
Reverse repurchase agreements$191,463 $(191,463)$— $— $— $— 
Securities borrowed (1)
128,199 — 128,199 (126,755)— 1,444 
Total$319,662 $(191,463)$128,199 $(126,755)$— $1,444 
(1)Included in receivable from brokers, dealers and clearing organizations on the condensed consolidated balance sheet.
    Gross Amounts Not Offset
on the Balance Sheet		 
 Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset on the Balance Sheet		Net Amounts
of Liabilities
Presented on
the Balance
Sheet		Financial
Instruments		Cash
Collateral
Pledged		Net Amount
Repurchase agreements$444,290 $(191,463)$252,827 $(250,619)$— $2,208 
Securities loaned (2)
291,969 — 291,969 (284,998)— 6,971 
Total$736,259 $(191,463)$544,796 $(535,617)$— $9,179 
(2)Included in payable to brokers, dealers and clearing organizations on the condensed consolidated
balance sheet.
As of December 31, 2019
(Expressed in thousands) 
   Gross Amounts Not Offset
on the Balance Sheet		 
 Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset on the Balance Sheet		Net Amounts
of Assets
Presented on
the Balance
Sheet		Financial
Instruments		Cash
Collateral
Received		Net Amount
Reverse repurchase agreements$55,927 $(55,927)$— $— $— $— 
Securities borrowed (1)
99,635 — 99,635 (97,702)— 1,933 
Total$155,562 $(55,927)$99,635 $(97,702)$— $1,933 
(1)Included in receivable from brokers, dealers and clearing organizations on the condensed consolidated balance sheet.
    Gross Amounts Not Offset
on the Balance Sheet		 
 Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset on the Balance Sheet		Net Amounts
of Liabilities
Presented on
the Balance
Sheet		Financial
Instruments		Cash
Collateral
Pledged		Net Amount
Repurchase agreements$343,192 $(55,927)$287,265 $(285,264)$— $2,001 
Securities loaned (2)
234,343 — 234,343 (228,548)— 5,795 
Total$577,535 $(55,927)$521,608 $(513,812)$— $7,796 
(2)Included in payable to brokers, dealers and clearing organizations on the condensed consolidated
balance sheet.