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

12 Months Ended

Dec. 31, 2024

Broker-Dealer [Abstract]

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

(Expressed in thousands)
	As of December 31,
	2024		2023
Receivable from brokers, dealers and clearing organizations consists of:
Securities borrowed	$	137,177	$	158,612
Receivable from brokers	59,487		65,639
Securities failed to deliver	8,459		29,656
Clearing organizations and other (1)	33,142		30,789
Other	3,213		—
Total	$	241,478	$	284,696
Payable to brokers, dealers and clearing organizations consists of:
Securities loaned	$	235,498	$	284,987
Payable to brokers	607		447
Securities failed to receive	14,757		23,809
Clearing organizations and other (2)	2,954		52,647
Total	$	253,816	$	361,890

(1) As of December 31, 2024, approximately $15.4 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.