Receivables From and Payables to Brokers, Dealers and Clearing Organizations

9 Months Ended

Sep. 30, 2025

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at September 30, 2025 and December 31, 2024, included (in thousands):


	September 30, 2025		December 31, 2024
Deposits paid for securities borrowed	$	430,032	$	269,831
Receivable from clearing organizations		323,692		201,748
Securities failed to deliver		23,719		14,886
	$	777,443	$	486,465

Amounts payable to brokers, dealers, and clearing organizations at September 30, 2025 and December 31, 2024, included (in thousands):


	September 30, 2025		December 31, 2024
Deposits received from securities loaned	$	320,161	$	178,928
Payable to clearing organizations		83,271		11,311
Securities failed to receive		29,199		25,010
	$	432,631	$	215,249

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.