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Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
The Company’s financial instruments measured at fair value on the consolidated statements of financial condition as of December 31, 2022 and 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
As of December 31, 2022(in thousands)
Assets
Cash equivalents – Money market funds$1,106,916 $— $— $1,106,916 
Receivable from affiliates – Foreign currency forward contracts
— — — — 
Total assets measured at fair value$1,106,916 $— $— $1,106,916 
Liabilities
Payable to affiliates – Foreign currency forward contracts$— $1,002 $— $1,002 
Total liabilities measured at fair value$— $1,002 $— $1,002 
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 $— $657,572 
Liabilities
Payable to affiliates – Foreign currency forward contracts$— $— $— $— 
Total liabilities measured at fair value$— $— $— $— 
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:
December 31,
20222021
(in thousands)
Foreign currency forward contracts – Gross notional amount$162,845 $146,202 
The total realized and unrealized gains (losses) on foreign currency forward contracts recorded within general and administrative expenses in the consolidated statements of income are as follows:
Year Ended
December 31,
202220212020
(in thousands)
Foreign currency forward contracts not designated in accounting hedge relationship$4,871 $9,008 $(6,269)
Schedule of Financial Instruments Not Measured at Fair Value
The Company’s financial instruments not measured at fair value on the consolidated statements of financial condition as of December 31, 2022 and 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 December 31, 2022(in thousands)
Assets
Cash and restricted cash$151,313 $151,313 $— $— $151,313 
Receivable from brokers and dealers and clearing organizations11,632 — 11,632 — 11,632 
Deposits with clearing organizations23,906 23,906 — — 23,906 
Accounts receivable142,676 — 142,676 — 142,676 
Other assets – Memberships in clearing organizations
2,406 — — 2,406 2,406 
Total$331,933 $175,219 $154,308 $2,406 $331,933 
Liabilities
Payable to brokers and dealers and clearing organizations$11,264 $— $11,264 $— $11,264 
Total$11,264 $— $11,264 $— $11,264 
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 $471,347 
Liabilities
Payable to brokers and dealers and clearing organizations$— $— $— $— $— 
Total$— $— $— $— $—