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Receivable from and payable to brokers, dealers and clearing organizations (Tables)
 9 Months Ended
Sep. 30, 2025
Broker-Dealer [Abstract]  
Schedule of Receivable from and Payable to Brokers, Dealers and Clearing Organizations
(Expressed in thousands)  
 As of
 September 30, 2025December 31, 2024
Receivable from brokers, dealers and clearing organizations consisting of:
Securities borrowed$164,230 $137,177 
Receivable from brokers54,255 59,487 
Securities failed to deliver64,234 8,459 
Clearing organizations and other (1)
42,623 36,355 
Total$325,342 $241,478 
Payable to brokers, dealers and clearing organizations consisting of:
Securities loaned$286,694 $235,498 
Securities failed to receive29,530 14,757 
Payable to brokers1,379 607 
Clearing organizations and other4,736 2,954 
Total$322,339 $253,816 

(1) As of September 30, 2025 and December 31, 2024, approximately $16.6 million and $15.4 million, respectively, of this balance represents a receivable for trades executed, but not yet settled.