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Receivables from/Payables to Broker-Dealers and Clearing Organizations (Tables) | 3 Months Ended
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Mar. 31, 2024
Due to and from Broker-Dealers and Clearing Organizations [Abstract] |
Summary of receivables from and payables to brokers-dealers and clearing organizations | The following is a summary of receivables from and payables to brokers-dealers and clearing organizations at March 31, 2024 and December 31, 2023:
(in thousands) |  | March 31, 2024 |  | December 31, 2023
Assets |  |  |  |
Due from prime brokers |  | $ | 410,153 |  |  | $ | 208,639 |
Deposits with clearing organizations |  | 214,545 |  |  | 182,008 |
Net equity with futures commission merchants |  | 174,447 |  |  | 166,808 |
Unsettled trades with clearing organizations |  | 238,272 |  |  | 1,096 |
Securities failed to deliver |  | 203,287 |  |  | 148,822 |
Commissions and fees |  | 29,700 |  |  | 30,351 |
Total receivables from broker-dealers and clearing organizations |  | $ | 1,270,404 |  |  | $ | 737,724 |
Liabilities |  |  |  |
Due to prime brokers |  | $ | 405,151 |  |  | $ | 780,310 |
Net equity with futures commission merchants (1) |  | (35,420) |  |  | (36,059) |
Unsettled trades with clearing organizations |  | 554 |  |  | 313,875 |
Securities failed to receive |  | 97,328 |  |  | 104,702 |
Commissions and fees |  | 5,282 |  |  | 4,884 |
Total payables to broker-dealers and clearing organizations |  | $ | 472,895 |  |  | $ | 1,167,712 |
(1) The Company presents its balances, including outstanding principal balances on all broker credit facilities, on a net-by-counterparty basis within receivables from and payables to broker-dealers and clearing organizations when the criteria for offsetting are met.

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- Definition Tabular disclosure of amounts receivable from and payable to broker-dealers and clearing organizations, including securities failed to receive, deposits received for securities loaned, amounts payable to clearing organizations related to open transactions, floor brokerage payables and payables for commodities futures accounts liquidating to an equity balance on a broker-dealer's records. + References No definition available. + Details
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