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Regulatory Capital Requirements (Tables) | 12 Months Ended
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Dec. 31, 2022
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract] |
Schedule of Regulatory Capital Requirements | At December 31, 2022 and 2021, the regulatory capital requirements and regulatory capital for TWL, DW, TWD, TEL, TWJ, TWEU, TESL, EA and TESBV are as follows:
As of December 31, 2022 |  | TWL |  | DW |  | TWD |  | TEL |  | TWJ |  | TWEU |  | TESL |  | TESBV
|  | (in thousands)
Regulatory Capital |  | $ | 41,933 |  |  | $ | 131,026 |  |  | $ | 44,094 |  |  | $ | 59,904 |  |  | $ | 7,320 |  |  | $ | 8,794 |  |  | $ | 1,607 |  |  | $ | 1,677 |
Regulatory Capital Requirement |  | 3,669 |  |  | 3,574 |  |  | 775 |  |  | 32,589 |  |  | 1,695 |  |  | 4,517 |  |  | 904 |  |  | 801 |
Excess Regulatory Capital |  | $ | 38,264 |  |  | $ | 127,452 |  |  | $ | 43,319 |  |  | $ | 27,315 |  |  | $ | 5,625 |  |  | $ | 4,277 |  |  | $ | 703 |  |  | $ | 876 |
As of December 31, 2021 |  | TWL |  | DW |  | TWD |  | TEL |  | TWJ |  | TWEU |  | TESL |  | EA (1)
|  | (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 |
(1)In November 2022, EA merged with and into DW with DW being the surviving entity.
Schedule of Financial Resources and Liquid Financial Resources | The required and maintained financial resources and liquid financial assets at December 31, 2022 and 2021 are as follows:
|  | As of December 31, 2022 |  | As of December 31, 2021
|  | TW SEF |  | DW SEF |  | TW SEF |  | DW SEF
|  | (in thousands)
Financial Resources |  | $ | 30,837 |  |  | $ | 14,714 |  |  | $ | 30,063 |  |  | $ | 15,999 |
Required Financial Resources |  | 12,500 |  |  | 8,080 |  |  | 11,000 |  |  | 6,770 |
Excess Financial Resources |  | $ | 18,337 |  |  | $ | 6,634 |  |  | $ | 19,063 |  |  | $ | 9,229 |
Liquid Financial Assets |  | $ | 15,566 |  |  | $ | 9,493 |  |  | $ | 15,283 |  |  | $ | 10,014 |
Required Liquid Financial Assets |  | 3,125 |  |  | 2,020 |  |  | 2,750 |  |  | 1,693 |
Excess Liquid Financial Assets |  | $ | 12,441 |  |  | $ | 7,473 |  |  | $ | 12,533 |  |  | $ | 8,321 |

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- Definition Tabular disclosure of minimum financial requirement per Commodity Futures Trading Commission (CFTC) for futures commission merchant (FCM). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher CFTC -Name Rule 17 -Number 1 -Section 17 + Details
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