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Fair value measurements - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
ASSETS    
Deposits with clearing organizations $ 34,967 $ 34,789
Securities owned:    
Securities owned, at fair value 1,043,256 795,312
Investments 18,656 18,785
Loans 689  
Securities purchased under agreements to resell 4,079 5,842
Derivative contracts:    
Derivative contracts, total 29 13
Total 1,097,597 854,741
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 177,251 31,676
Derivative contracts:    
Derivative contracts, total 1,456 737
Total 178,707 32,413
U.S. Treasury securities    
Securities owned:    
Securities owned, at fair value 859,623 695,346
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 138,059 14,603
U.S. Agency securities    
Securities owned:    
Securities owned, at fair value 5,755 2
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 2  
Sovereign obligations    
Securities owned:    
Securities owned, at fair value 424  
Corporate debt and other obligations    
Securities owned:    
Securities owned, at fair value 18,104 5,769
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 7,279 1,508
Mortgage and other asset-backed securities    
Securities owned:    
Securities owned, at fair value 7,117 6,627
Municipal obligations    
Securities owned:    
Securities owned, at fair value 88,373 35,333
Convertible bonds    
Securities owned:    
Securities owned, at fair value 25,272 16,735
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 13,450 2,136
Corporate equities    
Securities owned:    
Securities owned, at fair value 29,622 27,170
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 18,461 13,427
Money markets    
Securities owned:    
Securities owned, at fair value 6,253 5,617
Auction rate securities    
Securities owned:    
Securities owned, at fair value 2,713 2,713
Futures    
Derivative contracts:    
Derivative contracts, total   2
Derivative contracts:    
Derivative contracts, total 1,423 735
TBAs    
Derivative contracts:    
Derivative contracts, total 29 11
Derivative contracts:    
Derivative contracts, total 33 2
Mortgage and other asset-backed securities    
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value   2
Level 1    
ASSETS    
Deposits with clearing organizations 34,967 34,789
Securities owned:    
Securities owned, at fair value 894,995 727,916
Investments 1,369 1,872
Loans 0  
Securities purchased under agreements to resell   0
Derivative contracts:    
Derivative contracts, total 0 2
Total 931,331 764,579
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 156,520 28,030
Derivative contracts:    
Derivative contracts, total 1,423 735
Total 157,943 28,765
Level 1 | U.S. Treasury securities    
Securities owned:    
Securities owned, at fair value 859,623 695,346
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 138,059 14,603
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  
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
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 29,622 27,170
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 18,461 13,427
Level 1 | Money markets    
Securities owned:    
Securities owned, at fair value 5,750 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, total 1,423 735
Level 1 | TBAs    
Derivative contracts:    
Derivative contracts, total 0 0
Derivative contracts:    
Derivative contracts, total 0 0
Level 1 | Mortgage and other asset-backed securities    
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value   0
Level 2    
ASSETS    
Deposits with clearing organizations 0 0
Securities owned:    
Securities owned, at fair value 145,548 64,683
Investments 17,287 16,913
Loans 689  
Securities purchased under agreements to resell   5,842
Derivative contracts:    
Derivative contracts, total 29 11
Total 163,553 87,449
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 20,731 3,646
Derivative contracts:    
Derivative contracts, total 33 2
Total 20,764 3,648
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 5,755 2
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 2  
Level 2 | Sovereign obligations    
Securities owned:    
Securities owned, at fair value 424  
Level 2 | Corporate debt and other obligations    
Securities owned:    
Securities owned, at fair value 18,104 5,769
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 7,279 1,508
Level 2 | Mortgage and other asset-backed securities    
Securities owned:    
Securities owned, at fair value 7,117 6,627
Level 2 | Municipal obligations    
Securities owned:    
Securities owned, at fair value 88,373 35,333
Level 2 | Convertible bonds    
Securities owned:    
Securities owned, at fair value 25,272 16,735
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 13,450 2,136
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 503 217
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, total 0 0
Level 2 | TBAs    
Derivative contracts:    
Derivative contracts, total 29 11
Derivative contracts:    
Derivative contracts, total 33 2
Level 2 | Mortgage and other asset-backed securities    
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value   2
Level 3    
ASSETS    
Deposits with clearing organizations 0 0
Securities owned:    
Securities owned, at fair value 2,713 2,713
Investments 0 0
Loans 0  
Securities purchased under agreements to resell   0
Derivative contracts:    
Derivative contracts, total 0 0
Total 2,713 2,713
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value 0 0
Derivative contracts:    
Derivative contracts, total 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  
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
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 0
Level 3 | Auction rate securities    
Securities owned:    
Securities owned, at fair value 2,713 2,713
Level 3 | Futures    
Derivative contracts:    
Derivative contracts, total   0
Derivative contracts:    
Derivative contracts, total 0 0
Level 3 | TBAs    
Derivative contracts:    
Derivative contracts, total 0 0
Derivative contracts:    
Derivative contracts, total $ 0 0
Level 3 | Mortgage and other asset-backed securities    
Securities sold but not yet purchased:    
Securities sold but not yet purchased, at fair value   $ 0