Regulatory Requirements Regulatory (Tables)

9 Months Ended

Sep. 30, 2020

Regulatory [Abstract]

Computation of Net Capital under Securities and Exchange Commission Regulation

As of September 30, 2020, these regulated broker-dealers had regulatory net capital or financial resources, regulatory net capital requirements or minimum FCA or SFC requirement and excess as follows:

Subsidiary	Net Capital		Minimum Net Capital Requirement		Excess Net Capital
	(dollars in thousands)
Cowen and Company	$	388,606	$	3,043	$	385,563
ATM Execution	$	4,015	$	250	$	3,765
Cowen Prime	$	19,432	$	250	$	19,182
Westminster	$	5,305	$	250	$	5,055
Cowen International Ltd	$	22,892	$	17,882	$	5,010
Cowen Execution Ltd	$	11,501	$	4,333	$	7,168
Cowen Asia	$	1,394	$	387	$	1,007