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Principal Transactions and Proprietary Trading | 12 Months Ended
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Dec. 31, 2022
Principal Transactions and Proprietary Trading [Abstract] |
Principal Transactions and Proprietary Trading | 16. Principal Transactions and Proprietary Trading In 2022 the Company invested in treasury bill and treasury notes, which are primarily in the line item “Cash and securities segregated for regulatory purposes” on the statements of financial condition, in order to enhance its yield on its excess 15c3-3 deposits. During 2022, there was an increase in U.S. government securities yields, which created an unrealized loss of approximately $3.9 million on the Company’s U.S. government securities portfolio for the year ended December 31, 2022. The aggregate unrealized loss on the portfolio will be returned over the duration of the government securities, at a point no later than the maturity of the securities. The maturities of the government securities are primarily in 2023 and the latest maturity is August 2024. The following table represents the detail related to principal transactions and proprietary trading.
| Year Ended December 31,
|  |  | 2022 |  |  | 2021 |  |  | (Year over Year Decrease)
Principal transactions and proprietary trading |  |  |  |  |  |  |  |  |  |
Realized and unrealized gain on primarily riskless principal transactions |  | $ | 7,643,000 |  | $ | 15,675,000 |  | $ | (8,032,000 | )
Unrealized loss on portfolio of U.S. government securities |  |  | (3,900,000 | ) |  | (28,000 | ) |  | (3,872,000 | )
Total Principal transactions and proprietary trading |  | $ | 3,743,000 |  | $ | 15,647,000 |  | $ | (11,904,000 | )

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