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Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers | 3 Months Ended
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Mar. 31, 2018
Brokers And Dealers [Abstract] |
Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers |
11. | Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers
Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers primarily represent amounts due for undelivered securities, cash held at clearing organizations and exchanges to facilitate settlement and clearance of matched principal transactions, spreads on matched principal transactions that have not yet been remitted from/to clearing organizations and exchanges and amounts related to open derivative contracts, including derivative contracts into which the Company may enter to minimize the effect of price changes of the Company’s marketable securities (see Note 12—“Derivatives”). As of March 31, 2018 and December 31, 2017, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):
|  | March 31, 2018 |  |  | December 31, 2017 |
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers: |  |  |  |  |  |  |  |
Contract values of fails to deliver |  | $ | 1,221,708 |  |  | $ | 586,486 |
Receivables from clearing organizations |  |  | 152,276 |  |  |  | 133,682 |
Other receivables from broker-dealers and customers |  |  | 8,323 |  |  |  | 10,968 |
Net pending trades |  |  | — |  |  |  | 1,597 |
Open derivative contracts |  |  | 24,745 |  |  |  | 12,669 |
Total |  | $ | 1,407,052 |  |  | $ | 745,402 |
Payables to broker-dealers, clearing organizations, customers and related broker-dealers: |  |  |  |  |  |  |  |
Contract values of fails to receive |  | $ | 1,150,397 |  |  | $ | 567,460 |
Payables to clearing organizations |  |  | 32,065 |  |  |  | 14,023 |
Other payables to broker-dealers and customers |  |  | 15,259 |  |  |  | 18,164 |
Net pending trades |  |  | 8,941 |  |  |  | — |
Open derivative contracts |  |  | 13,153 |  |  |  | 7,933 |
Total |  | $ | 1,219,815 |  |  | $ | 607,580 |
A portion of these receivables and payables are with Cantor. See Note 17—“Related Party Transactions,” for additional information related to these receivables and payables. Substantially all open fails to deliver, open fails to receive and pending trade transactions as of March 31, 2018 have subsequently settled at the contracted amounts.

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- Definition The entire disclosure for Due to and from Broker-Dealers and Clearing Organizations, including data and tables. This may include 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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