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Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers
 6 Months Ended
Jun. 30, 2021
Brokers and Dealers [Abstract]  
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-DealersReceivables 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 (see Note 12
—“Derivatives”). As of June 30, 2021 and December 31, 2020, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):
June 30, 2021December 31, 2020
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers:
Contract values of fails to deliver$1,285,423 $158,976 
Receivables from clearing organizations136,547 126,879 
Other receivables from broker-dealers and customers17,211 14,237 
Net pending trades10,909 2,999 
Open derivative contracts¹5,243 931 
Total$1,455,333 $304,022 
Payables to broker-dealers, clearing organizations, customers and related broker-dealers:
Contract values of fails to receive$1,142,236 $154,050 
Payables to clearing organizations133,892 12,373 
Other payables to broker-dealers and customers23,194 11,833 
Open derivative contracts²6,421 1,460 
Total$1,305,743 $179,716 
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1.Excludes $310 thousand of Receivables from broker-dealers, clearing organizations, customers and related broker-dealers classified as Assets held for sale as of June 30, 2021.
2.Excludes $7 thousand of Payables to broker-dealers, clearing organizations, customers and related broker-dealers classified as Liabilities held for sale as of June 30, 2021.
A portion of these receivables and payables are with Cantor. See Note 14—“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 June 30, 2021 have subsequently settled at the contracted amounts.