Receivables from and payables to brokers, dealers and clearing organizations (Tables)

12 Months Ended

Dec. 31, 2025

Broker-Dealer [Abstract]

Schedule of Receivables from and Payables to Brokers, Dealers and Clearing Organizations

(Expressed in thousands)
	As of December 31,
	2025		2024
Receivables from brokers, dealers and clearing organizations consists of:
Securities borrowed	$	160,006	$	137,177
Receivables from brokers	51,080		59,487
Securities failed to deliver	2,583		8,459
Clearing organizations and other (1)	42,015		33,142
Other	4,317		3,213
Total	$	260,001	$	241,478
Payables to brokers, dealers and clearing organizations consists of:
Securities loaned	$	370,331	$	235,498
Payables to brokers	728		607
Securities failed to receive	18,937		14,757
Clearing organizations and other	8,001		2,954
Total	$	397,997	$	253,816

(1) As of December 31, 2025, approximately $14.8 million of this balance represents a receivable for trades executed, but not yet settled ($15.4 million as of December 31, 2024)