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Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
The Company’s financial instruments measured at fair value on the condensed consolidated statements of financial condition as of June 30, 2022 and December 31, 2021 have been categorized based upon the fair value hierarchy as follows:

Quoted Prices in
active Markets
for Identical
Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(in thousands)
As of June 30, 2022
Assets
Cash equivalents – Money market funds$725,142 $— $— $725,142 
Receivable from affiliates – Foreign currency forward contracts
— 5,561 — 5,561 
Total assets measured at fair value$725,142 $5,561 $— $730,703 
As of December 31, 2021
Assets
Cash equivalents – Money market funds$654,553 $— $— $654,553 
Receivable from affiliates – Foreign currency forward contracts
— 3,019 — 3,019 
Total assets measured at fair value$654,553 $3,019 $— $657,572 
Schedule of Derivative Values
The following table summarizes the aggregate U.S. dollar equivalent notional amount of the Company’s foreign currency forward contracts not designated as hedges for accounting purposes:
June 30,December 31,
20222021
(in thousands)
Foreign currency forward contracts – Gross notional amount$161,918 $146,202 
The total realized and unrealized gains (losses) on foreign currency forward contracts recorded within general and administrative expenses in the condensed consolidated statements of income are as follows:
Three Months EndedSix Months Ended
June 30,June 30,
2022202120222021
(in thousands)
Foreign currency forward contracts not designated in accounting hedge relationship$5,488 $(737)$6,170 $4,961 
Schedule of Financial Instruments Not Measured at Fair Value
The Company’s financial instruments not measured at fair value on the condensed consolidated statements of financial condition as of June 30, 2022 and December 31, 2021 have been categorized based upon the fair value hierarchy as follows:
Carrying ValueQuoted Prices in
active Markets
for Identical
Assets
(Level 1)
 Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)		Total Fair Value
As of June 30, 2022(in thousands)
Assets
Cash and restricted cash$235,577 $235,577 $— $— $235,577 
Receivable from brokers and dealers and clearing organizations1,646 — 1,646 — 1,646 
Deposits with clearing organizations25,990 25,990 — — 25,990 
Accounts receivable155,426 — 155,426 — 155,426 
Other assets – Memberships in clearing organizations
2,410 — — 2,410 2,410 
Total$421,049 $261,567 $157,072 $2,410 $421,049 
Liabilities
Payable to brokers and dealers and clearing organizations$1,644 $— $1,644 $— $1,644 
Total$1,644 $— $1,644 $— $1,644 
As of December 31, 2021
Assets
Cash and restricted cash$318,495 $318,495 $— $— $318,495 
Receivable from brokers and dealers and clearing organizations— — — — — 
Deposits with clearing organizations20,523 20,523 — — 20,523 
Accounts receivable129,937 — 129,937 — 129,937 
Other assets – Memberships in clearing organizations
2,392 — — 2,392 2,392 
Total$471,347 $339,018 $129,937 $2,392 $471,347 
Liabilities
Payable to brokers and dealers and clearing organizations$— $— $— $— $— 
Total$— $— $— $— $—