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Investments (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments and Investments Carried Under Measurement Alternative | Equity Method Investments and Investments Carried Under the Measurement Alternative
(in thousands) | Percent Ownership 1 |  | December 31, 2024 |  | December 31, 2023
Advanced Markets Holdings | 25% |  | $ | 3,772 |  |  | $ | 4,481 |
China Credit BGC Money Broking Company Limited | 33% |  | 23,242 |  |  | 21,277 |
Freedom International Brokerage | 45% |  | 9,637 |  |  | 9,507 |
Other |  |  | 2,424 |  |  | 2,857 |
Equity method investments |  |  | $ | 39,075 |  |  | $ | 38,122 |
Investments carried under measurement alternative |  |  | 192 |  |  | 192 |
Total equity method and investments carried under measurement alternative |  |  | $ | 39,267 |  |  | $ | 38,314 |
_______________________________________ 1 Represents the Company’s voting interest in the equity method investment as of December 31, 2024 and 2023.
Schedule of Financial Information for Company's Equity Method Investments | Summarized financial information for the Company’s equity method investments is as follows (in thousands):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Statements of operations: |  |  |  |  |
Total revenues | $ | 134,232 |  |  | $ | 111,242 |  |  | $ | 125,405 |
Total expenses | 89,127 |  |  | 84,216 |  |  | 88,050 |
Income before income taxes | $ | 45,105 |  |  | $ | 27,026 |  |  | $ | 37,355 |
| December 31,
| 2024 |  | 2023
Statements of financial condition: |  |  |
Cash and cash equivalents | $ | 73,519 |  |  | $ | 79,440 |
Fixed assets, net | 2,168 |  |  | 1,900 |
Other assets | 59,068 |  |  | 51,336 |
Total assets | $ | 134,755 |  |  | $ | 132,676 |
Other liabilities | 71,222 |  |  | 81,898 |
Total partners’ capital | 63,533 |  |  | 50,779 |
Total liabilities and partners’ capital | $ | 134,755 |  |  | $ | 132,677 |
Schedule of Investments in Variable Interest Entities | The following table sets forth the Company’s investment in its unconsolidated VIE and the maximum exposure to loss (in thousands).
| December 31, 2024 |  | December 31, 2023
| Investment |  | Maximum Exposure to Loss |  | Investment |  | Maximum Exposure to Loss
Variable interest entity 1 | $ | 674 |  |  | $ | 674 |  |  | $ | 2,857 |  |  | $ | 2,857 |
__________________ 1 The Company’s maximum exposure to loss with respect to its unconsolidated VIE includes the sum of its equity investments. The Company has entered into a subordinated loan agreement with Aqua, whereby the Company agreed to lend the principal sum of $1.0 million. The Company did not recognize any interest income on the subordinated loan subsequent to being designated as a non-accrual loan in November 2022. As of December 31, 2022, the Company had written off $0.6 million of the subordinated loan, which was recorded as part of “Other expenses” on the Company’s Consolidated Statements of Operations. As of December 31, 2023, the Company had received cash payment fully satisfying the remaining subordinated loan receivable of $0.4 million.

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- Definition Equity method investments and investments carried under measurement alternative. + References No definition available. + Details
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- Definition Tabular disclosure of condensed financial statements, including, but not limited to, the balance sheet, income statement, and statement of cash flows. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph a -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-5A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-9 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-4 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481203/810-10-50-6 + Details
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