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Collateralized Transactions (Tables)

3 Months Ended

Mar. 31, 2024

Collateralized Agreements [Abstract]

Summary of the fair value of collateralized transactions

The fair value of the collateralized transactions at March 31, 2024 and December 31, 2023 are summarized as follows:

(in thousands)						March 31, 2024						December 31, 2023
Securities received as collateral:
Securities borrowed						$	1,739,045					$	1,665,860
Securities purchased under agreements to resell						502,470						1,512,114
						$	2,241,515					$	3,177,974

Schedule of financial instruments owned and pledged, where counterparty has right to repledge

Financial instruments owned and pledged, where the counterparty has the right to repledge, at March 31, 2024 and December 31, 2023 consisted of the following:

(in thousands)						March 31, 2024						December 31, 2023
Equities						$	1,441,851					$	1,222,559
Exchange traded notes						7,203						8,300
						$	1,449,054					$	1,230,859

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- References

No definition available.

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- Definition

Tabular disclosure of customer securities accepted by the entity as collateral and re-pledged to counterparties as collateral or sold, including sources and uses of collateral, fair value of collateral and portion of that collateral that has been sold or re-pledged.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A

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- Definition

Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481444/860-30-45-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 860
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A

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