Collateralized Transactions

6 Months Ended

Jun. 30, 2016

Brokers and Dealers [Abstract]

Collateralized Transactions

8. Collateralized Transactions

Securities loaned

As of June 30, 2016, the Company had no Securities loaned transactions. As of December 31, 2015, the Company had Securities loaned transactions of $117.9 million with CF&Co. The market value of the securities lent was $116.3 million. As of December 31, 2015, the cash collateral received from CF&Co bore interest rates ranging from 0.80% to 1.00%. Securities loaned transactions are included in “Securities loaned” in the Company’s unaudited condensed consolidated statements of financial condition.