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Fair value measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Deposits with clearing organizations $ 34,789 $ 24,937
Securities owned    
Securities owned, at fair value 795,312 498,594
Investments 18,785 7,068
Securities purchased under agreements to resell 5,842 0
Derivative contracts:    
Derivative contracts, total 13  
Total 854,741 532,361
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 31,676 52,768
Derivative contracts:    
Derivative contracts 737 1,805
Total 32,413 54,573
U.S. Treasury securities    
Securities owned    
Securities owned, at fair value 695,346 362,815
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 14,603 25,006
U.S. Agency securities    
Securities owned    
Securities owned, at fair value 2 6,012
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   3
Sovereign obligations    
Securities owned    
Securities owned, at fair value   9,502
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   9,048
Corporate debt and other obligations    
Securities owned    
Securities owned, at fair value 5,769 9,844
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 1,508 2,905
Mortgage and other asset-backed securities    
Securities owned    
Securities owned, at fair value 6,627 1,882
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   2
Municipal obligations    
Securities owned    
Securities owned, at fair value 35,333 30,126
Convertible bonds    
Securities owned    
Securities owned, at fair value 16,735 21,800
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 2,136 4,428
Corporate equities    
Securities owned    
Securities owned, at fair value 27,170 24,837
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 13,427 11,378
Money markets    
Securities owned    
Securities owned, at fair value 5,617  
Auction rate securities    
Securities owned    
Securities owned, at fair value 2,713 31,776
Futures    
Derivative contracts:    
Derivative contracts, total 2  
Derivative contracts:    
Derivative contracts 735 44
TBAs    
Derivative contracts:    
Derivative contracts, total 11 1,762
Derivative contracts:    
Derivative contracts 2 1,761
Level 1    
ASSETS    
Deposits with clearing organizations 34,789 24,937
Securities owned    
Securities owned, at fair value 727,916 387,652
Investments 1,872 0
Securities purchased under agreements to resell 0  
Derivative contracts:    
Derivative contracts, total 2  
Total 764,579 412,589
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 28,030 36,384
Derivative contracts:    
Derivative contracts 735 44
Total 28,765 36,428
Level 1 | U.S. Treasury securities    
Securities owned    
Securities owned, at fair value 695,346 362,815
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 14,603 25,006
Level 1 | U.S. Agency securities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   0
Level 1 | Sovereign obligations    
Securities owned    
Securities owned, at fair value   0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   0
Level 1 | Corporate debt and other obligations    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 1 | Mortgage and other asset-backed securities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   0
Level 1 | Municipal obligations    
Securities owned    
Securities owned, at fair value 0 0
Level 1 | Convertible bonds    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 1 | Corporate equities    
Securities owned    
Securities owned, at fair value 27,170 24,837
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 13,427 11,378
Level 1 | Money markets    
Securities owned    
Securities owned, at fair value 5,400  
Level 1 | Auction rate securities    
Securities owned    
Securities owned, at fair value 0 0
Level 1 | Futures    
Derivative contracts:    
Derivative contracts, total 2  
Derivative contracts:    
Derivative contracts 735 44
Level 1 | TBAs    
Derivative contracts:    
Derivative contracts, total 0 0
Derivative contracts:    
Derivative contracts 0 0
Level 2    
ASSETS    
Deposits with clearing organizations 0 0
Securities owned    
Securities owned, at fair value 64,683 79,166
Investments 16,913 7,068
Securities purchased under agreements to resell 5,842  
Derivative contracts:    
Derivative contracts, total 11  
Total 87,449 87,996
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 3,646 16,384
Derivative contracts:    
Derivative contracts 2 1,761
Total 3,648 18,145
Level 2 | U.S. Treasury securities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 2 | U.S. Agency securities    
Securities owned    
Securities owned, at fair value 2 6,012
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   3
Level 2 | Sovereign obligations    
Securities owned    
Securities owned, at fair value   9,502
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   9,048
Level 2 | Corporate debt and other obligations    
Securities owned    
Securities owned, at fair value 5,769 9,844
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 1,508 2,905
Level 2 | Mortgage and other asset-backed securities    
Securities owned    
Securities owned, at fair value 6,627 1,882
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   2
Level 2 | Municipal obligations    
Securities owned    
Securities owned, at fair value 35,333 30,126
Level 2 | Convertible bonds    
Securities owned    
Securities owned, at fair value 16,735 21,800
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 2,136 4,428
Level 2 | Corporate equities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 2 | Money markets    
Securities owned    
Securities owned, at fair value 217  
Level 2 | Auction rate securities    
Securities owned    
Securities owned, at fair value 0 0
Level 2 | Futures    
Derivative contracts:    
Derivative contracts, total 0  
Derivative contracts:    
Derivative contracts 0 0
Level 2 | TBAs    
Derivative contracts:    
Derivative contracts, total 11 1,762
Derivative contracts:    
Derivative contracts 2 1,761
Level 3    
ASSETS    
Deposits with clearing organizations 0 0
Securities owned    
Securities owned, at fair value 2,713 31,776
Investments 0 0
Securities purchased under agreements to resell 0  
Derivative contracts:    
Derivative contracts, total 0  
Total 2,713 31,776
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Derivative contracts:    
Derivative contracts 0 0
Total 0 0
Level 3 | U.S. Treasury securities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 3 | U.S. Agency securities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   0
Level 3 | Sovereign obligations    
Securities owned    
Securities owned, at fair value   0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   0
Level 3 | Corporate debt and other obligations    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 3 | Mortgage and other asset-backed securities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value   0
Level 3 | Municipal obligations    
Securities owned    
Securities owned, at fair value 0 0
Level 3 | Convertible bonds    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 3 | Corporate equities    
Securities owned    
Securities owned, at fair value 0 0
Securities sold, but not yet purchased    
Securities sold but not yet purchased, at fair value 0 0
Level 3 | Money markets    
Securities owned    
Securities owned, at fair value 0  
Level 3 | Auction rate securities    
Securities owned    
Securities owned, at fair value 2,713 31,776
Level 3 | Futures    
Derivative contracts:    
Derivative contracts, total 0  
Derivative contracts:    
Derivative contracts 0 0
Level 3 | TBAs    
Derivative contracts:    
Derivative contracts, total 0 0
Derivative contracts:    
Derivative contracts $ 0 $ 0