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v3.24.2

Fair Value of Financial Instruments - Schedule of Financial Instruments Not Measured at Fair Value (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023
--- | --- | ---
Assets |  |
Receivable from brokers and dealers and clearing organizations | $ 432,037 | $ 381,178
Deposits with clearing organizations | 62,694 | 36,806
Accounts receivable | 233,084 | 168,407
Total assets measured at fair value | 1,575,543 | 1,543,644
Liabilities |  |
Securities sold under agreements to repurchase | 0 | 21,612
Payable to brokers and dealers and clearing organizations | 424,751 | 351,864
Securities sold under agreements to repurchase | 0 | 21,612
Fair Value, Nonrecurring |  |
Assets |  |
Cash and restricted cash | 156,415 | 163,824
Receivable from brokers and dealers and clearing organizations | 432,037 | 381,178
Deposits with clearing organizations | 62,694 | 36,806
Accounts receivable | 233,084 | 168,407
Other assets – Memberships in clearing organizations | 2,907 | 2,426
Total assets measured at fair value | 887,137 | 752,641
Liabilities |  |
Securities sold under agreements to repurchase | 0 | 21,612
Payable to brokers and dealers and clearing organizations | 424,751 | 351,864
Total | 424,751 | 373,476
Securities sold under agreements to repurchase | 0 | 21,612
Total Fair Value | Fair Value, Nonrecurring |  |
Assets |  |
Cash and restricted cash | 156,415 | 163,824
Receivable from brokers and dealers and clearing organizations | 432,037 | 381,178
Deposits with clearing organizations | 62,694 | 36,806
Accounts receivable | 233,084 | 168,407
Other assets – Memberships in clearing organizations | 2,907 | 2,426
Total assets measured at fair value | 887,137 | 752,641
Liabilities |  |
Securities sold under agreements to repurchase | 0 | 21,612
Payable to brokers and dealers and clearing organizations | 424,751 | 351,864
Total | 424,751 | 373,476
Securities sold under agreements to repurchase | 0 | 21,612
Quoted Prices in active Markets for Identical Assets (Level 1) |  |
Assets |  |
Total assets measured at fair value | 1,562,815 | 1,543,644
Quoted Prices in active Markets for Identical Assets (Level 1) | Fair Value, Nonrecurring |  |
Assets |  |
Cash and restricted cash | 156,415 | 163,824
Receivable from brokers and dealers and clearing organizations | 0 | 0
Deposits with clearing organizations | 62,694 | 36,806
Accounts receivable | 0 | 0
Other assets – Memberships in clearing organizations | 0 | 0
Total assets measured at fair value | 219,109 | 200,630
Liabilities |  |
Securities sold under agreements to repurchase | 0 | 0
Payable to brokers and dealers and clearing organizations | 0 | 0
Total | 0 | 0
Securities sold under agreements to repurchase | 0 | 0
Significant Observable Inputs (Level 2) |  |
Assets |  |
Total assets measured at fair value | 2,626 | 0
Significant Observable Inputs (Level 2) | Fair Value, Nonrecurring |  |
Assets |  |
Cash and restricted cash | 0 | 0
Receivable from brokers and dealers and clearing organizations | 432,037 | 381,178
Deposits with clearing organizations | 0 | 0
Accounts receivable | 233,084 | 168,407
Other assets – Memberships in clearing organizations | 0 | 0
Total assets measured at fair value | 665,121 | 549,585
Liabilities |  |
Securities sold under agreements to repurchase | 0 | 21,612
Payable to brokers and dealers and clearing organizations | 424,751 | 351,864
Total | 424,751 | 373,476
Securities sold under agreements to repurchase | 0 | 21,612
Significant Unobservable Inputs (Level 3) |  |
Assets |  |
Total assets measured at fair value | 10,102 | 0
Significant Unobservable Inputs (Level 3) | Fair Value, Nonrecurring |  |
Assets |  |
Cash and restricted cash | 0 | 0
Receivable from brokers and dealers and clearing organizations | 0 | 0
Deposits with clearing organizations | 0 | 0
Accounts receivable | 0 | 0
Other assets – Memberships in clearing organizations | 2,907 | 2,426
Total assets measured at fair value | 2,907 | 2,426
Liabilities |  |
Securities sold under agreements to repurchase | 0 | 0
Payable to brokers and dealers and clearing organizations | 0 | 0
Total | 0 | 0
Securities sold under agreements to repurchase | $ 0 | $ 0

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