Receivables from/Payables to Broker-Dealers and Clearing Organizations (Tables)

9 Months Ended

Sep. 30, 2019

Due to and from Broker-Dealers and Clearing Organizations [Abstract]

Summary of receivables from and payables to brokers-dealers and clearing organizations

The following is a summary of receivables from and payables to brokers-dealers and clearing organizations at September 30, 2019 and December 31, 2018:

(in thousands)	September 30, 2019		December 31, 2018
Assets
Due from prime brokers	$	251,375	$	302,152
Deposits with clearing organizations	251,290		84,509
Net equity with futures commission merchants	234,583		294,884
Unsettled trades with clearing organization	513,325		193,544
Securities failed to deliver	304,937		218,663
Commissions and fees	8,221		7,697
Total receivables from broker-dealers and clearing organizations	$	1,563,731	$	1,101,449
Liabilities
Due to prime brokers	$	255,443	$	354,300
Net equity with futures commission merchants	56,706		47,998
Unsettled trades with clearing organization	537,230		90,021
Securities failed to receive	173,662		73,547
Commissions and fees	1,508		1,575
Total payables to broker-dealers and clearing organizations	$	1,024,549	$	567,441