Receivable from and payable to brokers, dealers and clearing organizations (Tables)

6 Months Ended

Jun. 30, 2024

Broker-Dealer [Abstract]

Schedule of Receivable from and Payable to Brokers, Dealers and Clearing Organizations

(Expressed in thousands)
	As of
	June 30, 2024		December 31, 2023
Receivable from brokers, dealers and clearing organizations consisting of:
Securities borrowed	$	134,454	$	158,612
Receivable from brokers	57,699		65,639
Clearing organizations and other (1)	84,824		30,789
Securities failed to deliver	20,054		29,656
Total	$	297,031	$	284,696
Payable to brokers, dealers and clearing organizations consisting of:
Securities loaned	$	247,219	$	284,987
Securities failed to receive	22,961		23,809
Payable to brokers	1,557		447
Clearing organizations and other (2)	6,489		52,647
Total	$	278,226	$	361,890

(1) As of June 30, 2024, approximately $41.5 million of this balance represents a receivable for trades executed, but not yet settled.

(2) As of December 31, 2023, approximately $48.4 million of this balance represents a payable for trades executed, but not yet settled.