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

9 Months Ended

Sep. 30, 2024

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 (see Note 11—“Derivatives”). As of September 30, 2024 and December 31, 2023, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):


	September 30, 2024		December 31, 2023
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver	$	1,007,882	$	182,094
Receivables from clearing organizations	130,991		135,789
Other receivables from broker-dealers and customers	25,761		28,546
Net pending trades	3,084		—
Open derivative contracts	5,104		3,607
Total	$	1,172,822	$	350,036
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive	$	864,958	$	172,231
Payables to clearing organizations	111,081		10,846
Other payables to broker-dealers and customers	15,799		13,357
Net pending trades	—		76
Open derivative contracts	6,690		5,756
Total	$	998,528	$	202,266

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1Includes receivables and payables with Cantor. See Note 13—“Related Party Transactions” for additional information.

Substantially all open fails to deliver, open fails to receive and pending trade transactions as of September 30, 2024 have subsequently settled at the contracted amounts.