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Regulatory Requirements Regulatory (Tables)
9 Months Ended
Sep. 30, 2019
Regulatory [Abstract]  
Computation of Net Capital under Securities and Exchange Commission Regulation
As of September 30, 2019, these regulated broker-dealers had regulatory net capital or financial resources, regulatory net capital requirements or minimum FCA requirement and excess as follows:
Subsidiary
 
Net Capital
 
Minimum Net Capital Requirement
 
Excess Net Capital
 
 
(dollars in thousands)
Cowen and Company
 
$
88,162

 
$
1,000

 
$
87,162

Cowen Execution
 
$
104,559

 
$
1,069

 
$
103,490

ATM Execution
 
$
5,538

 
$
250

 
$
5,288

Cowen Prime
 
$
17,449

 
$
250

 
$
17,199

Westminster
 
$
24,048

 
$
250

 
$
23,798

Cowen International Ltd
 
$
14,475

 
$
9,925

 
$
4,550

Cowen Execution Ltd
 
$
4,957

 
$
2,043

 
$
2,914

Cowen Asia
 
$
1,088

 
$
383

 
$
705