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Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers

3 Months Ended

Mar. 31, 2022

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 March 31, 2022 and December 31, 2021, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):

			March 31, 2022						December 31, 2021
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver			$	2,200,766					$	640,696
Receivables from clearing organizations			143,572						118,979
Other receivables from broker-dealers and customers			21,777						14,386
Net pending trades			9,002						5,506
Open derivative contracts			4,820						2,879
Total			$	2,379,937					$	782,446
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive			$	2,083,081					$	617,018
Payables to clearing organizations			99,632						22,679
Other payables to broker-dealers and customers			15,582						13,732
Open derivative contracts			7,132						2,849
Total			$	2,205,427					$	656,278

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1Includes receivables and payables with Cantor. See Note 14—“Related Party Transactions” for additional information.

Substantially all open fails to deliver, open fails to receive and pending trade transactions as of March 31, 2022 have subsequently settled at the contracted amounts.

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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.

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