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Regulatory Capital Requirements | 6 Months Ended
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Jun. 30, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
Regulatory Capital Requirements | Regulatory Capital Requirements TWL, DW, TWD and EA are subject to the Uniform Net Capital Rule 15c3-1 under the Exchange Act. TEL and TESL are subject to certain financial resource requirements with the FCA in the UK, TWJ is subject to certain financial resource requirements with the FCA in Japan and TWEU and TESBV are subject to certain finance resource requirements with the AFM in the Netherlands. At June 30, 2022 and December 31, 2021, the regulatory capital requirements and regulatory capital for TWL, DW, TWD, TEL, TWJ, TWEU, TESL, EA and TESBV are as follows:
As of June 30, 2022 |  | TWL |  | DW |  | TWD |  | TEL |  | TWJ |  | TWEU |  | TESL |  | EA |  | TESBV
|  | (in thousands) |  |
Regulatory Capital |  | $ | 52,387 |  |  | $ | 64,317 |  |  | $ | 39,582 |  |  | $ | 84,720 |  |  | $ | 7,571 |  |  | $ | 8,641 |  |  | $ | 1,620 |  |  | $ | 213,216 |  |  | $ | 1,783 |
Regulatory Capital Requirement |  | 2,244 |  |  | 2,593 |  |  | 551 |  |  | 32,041 |  |  | 1,147 |  |  | 2,191 |  |  | 1,114 |  |  | 95 |  |  | 787 |
Excess Regulatory Capital |  | $ | 50,143 |  |  | $ | 61,724 |  |  | $ | 39,031 |  |  | $ | 52,679 |  |  | $ | 6,424 |  |  | $ | 6,450 |  |  | $ | 506 |  |  | $ | 213,121 |  |  | $ | 996 |
As of December 31, 2021 |  | TWL |  | DW |  | TWD |  | TEL |  | TWJ |  | TWEU |  | TESL |  | EA
|  | (in thousands)
Regulatory Capital |  | $ | 33,566 |  |  | $ | 61,379 |  |  | $ | 22,784 |  |  | $ | 84,636 |  |  | $ | 7,932 |  |  | $ | 7,626 |  |  | $ | 1,760 |  |  | $ | 212,572 |
Regulatory Capital Requirement |  | 3,424 |  |  | 2,931 |  |  | 652 |  |  | 36,136 |  |  | 1,184 |  |  | 3,272 |  |  | 1,272 |  |  | 78 |
Excess Regulatory Capital |  | $ | 30,142 |  |  | $ | 58,448 |  |  | $ | 22,132 |  |  | $ | 48,500 |  |  | $ | 6,748 |  |  | $ | 4,354 |  |  | $ | 488 |  |  | $ | 212,494 |
As SEFs, TW SEF and DW SEF are required to maintain adequate financial resources and liquid financial assets in accordance with CFTC regulations. The required and maintained financial resources and liquid financial assets at June 30, 2022 and December 31, 2021 are as follows:
|  | As of June 30, 2022 |  | As of December 31, 2021
|  | TW SEF |  | DW SEF |  | TW SEF |  | DW SEF
|  | (in thousands)
Financial Resources |  | $ | 36,096 |  |  | $ | 16,295 |  |  | $ | 30,063 |  |  | $ | 15,999 |
Required Financial Resources |  | 11,000 |  |  | 7,032 |  |  | 11,000 |  |  | 6,770 |
Excess Financial Resources |  | $ | 25,096 |  |  | $ | 9,263 |  |  | $ | 19,063 |  |  | $ | 9,229 |
Liquid Financial Assets |  | $ | 16,706 |  |  | $ | 9,416 |  |  | $ | 15,283 |  |  | $ | 10,014 |
Required Liquid Financial Assets |  | 2,750 |  |  | 1,758 |  |  | 2,750 |  |  | 1,693 |
Excess Liquid Financial Assets |  | $ | 13,956 |  |  | $ | 7,658 |  |  | $ | 12,533 |  |  | $ | 8,321 |

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- Definition The entire disclosure of capital requirements and required financial resources under applicable regulations. + References No definition available. + Details
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