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Receivables from/Payables to Broker-Dealers and Clearing Organizations (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Assets
Due from prime brokers	$ 350,883	$ 344,662
Deposits with clearing organizations	409,342	223,582
Net equity with futures commission merchants	328,061	199,771
Unsettled trades with clearing organizations	963,488	17,239
Securities failed to deliver	541,647	274,072
Commissions and fees	39,908	41,524
Total receivables from broker-dealers and clearing organizations	2,633,329	1,100,850
Liabilities
Due to prime brokers	1,484,447	583,914
Net equity with futures commission merchants	(17,065)	(16,651)
Unsettled trades with clearing organizations	3,074	251,036
Securities failed to receive	202,537	94,941
Commissions and fees	4,023	5,326
Total payables to broker-dealers and clearing organizations	$ 1,677,016	$ 918,566

X

- 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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481833/940-20-45-3

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3)(a)(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a)(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

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-Section 25
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-URI https://asc.fasb.org/1943274/2147481913/940-20-25-2

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Amount receivable from correspondent broker-dealer.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481833/940-20-45-3

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Amount payable to correspondent broker-dealer.

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-Section 45
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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 940
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481833/940-20-45-3

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Name Accounting Standards Codification
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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.

+ References

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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 amount receivable for unsettled trades.

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Represents the amount payable for unsettled trade liabilities.

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