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Investments In Equity Method Affiliates
12 Months Ended
Dec. 31, 2015
Investments in Equity Method Affiliates [Abstract]  
Investments In Equity Method Affiliates

15. INVESTMENTS IN EQUITY METHOD AFFILIATES

As of December 31, 2015 and 2014, the Company had no investments accounted for under the equity method.  The Company has certain equity method affiliates for which it has elected the fair value option. See note 3-F.  Those investees are included as a component of other investments, at fair value in the consolidated balance sheets. All gains and losses (unrealized and realized) from securities classified as other investments, at fair value in the consolidated balance sheets are recorded as a component of principal transactions and other income in the consolidated statements of operations.

Equity method accounting requires that the Company record its investment on the consolidated balance sheets and recognize its share of the affiliate’s net income as earnings each year. During the years ended December 31, 2014 and 2013, the Company recognized $27 and $1,828, respectively, of income from equity method affiliates.  All of the investments accounted for under the equity method were either sold or liquidated prior to December 31, 2014.  See note 29 for information regarding transactions with the Company’s equity method investees.