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Receivables from and Payables to Broker-Dealers, Clearing Organizations, Customers and Related Broker-Dealers
 12 Months Ended
Dec. 31, 2022
Broker-Dealer [Abstract]  
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-DealersReceivables 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 December 31, 2022 and December 31, 2021, Receivables from and payables to broker-dealers, clearing organizations, customers and related broker-dealers consisted of the following (in thousands):
December 31, 2022December 31, 2021
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to deliver$404,076 $640,696 
Receivables from clearing organizations132,149 118,979 
Other receivables from broker-dealers and customers19,693 14,386 
Net pending trades— 5,506 
Open derivative contracts3,762 2,879 
Total$559,680 $782,446 
Payables to broker-dealers, clearing organizations, customers and related broker-dealers1:
Contract values of fails to receive$362,682 $617,018 
Payables to clearing organizations16,855 22,679 
Other payables to broker-dealers and customers15,871 13,732 
Net pending trades1,634 — 
Open derivative contracts7,633 2,849 
Total$404,675 $656,278 
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1.Includes receivables and payables with Cantor. See Note 13—“Related Party Transactions” for additional information.
Excluding unsettled trades impacted by Russia's Invasion of Ukraine, substantially all open fails to deliver, open fails to receive and pending trade transactions as of December 31, 2022 have subsequently settled at the contracted amounts. See Note 19 — "Commitments, Contingencies and Guarantees" for additional information related to the potential loss associated with Russia's Invasion of Ukraine.