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Receivables from/Payables to Broker-Dealers and Clearing Organizations (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 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	(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
Outstanding principal balance	$ 170,700	$ 175,300

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- Definition

Amount payable to other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Rule 15c3-1
-Number 240
-Section 15c3-1
-Publisher SEC

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Amount receivable from broker-dealers from commissions for executing orders on the floor of an exchange.

+ References

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-Topic 940
-SubTopic 20
-Name Accounting Standards Codification
-Section 25
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-2

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Amount payable to broker-dealers or clearing organizations for executing or clearing trades or orders.

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- Definition

Amount receivable from correspondent broker-dealer.

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-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-SubTopic 20
-Topic 940
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-URI https://asc.fasb.org//1943274/2147481990/310-10-45-2

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Amount payable to correspondent broker-dealer.

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Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.

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Amount of right to receive cash and securities on deposit with clearing organizations. Clearing organizations perform post trade processing and trade comparisons among numerous broker-dealers and act as settlement agents between buying and selling broker-dealers.

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Amount receivable as the result of a fail-to-deliver. A fail-to-deliver is a securities sale to another broker-dealer that has not been delivered to buying broker-dealer by the close of business on the settlement date.

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Amount payable as the result of fail-to-receive. A fail-to-receive is a securities purchase from another broker-dealer not received from the selling broker-dealer by the close of business on the settlement date.

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Represents the amount of net equity with futures commission merchants, asset.

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Represents the amount of net equity with futures commission merchants, liability.

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Represents the carrying value of the outstanding principal balance on all of the entity's short-term credit facilities.

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Represents the amount receivable for unsettled trades.

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Represents the amount payable for unsettled trade liabilities.

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