Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

12 Months Ended

Dec. 31, 2020

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

Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

4. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations

Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:

	As of December 31, 2020		As of December 31, 2019
Receivables from and deposits with broker-dealers and clearing organizations
DTCC / OCC / NSCC	$	17,841,000	$	3,059,000
Goldman Sachs		2,430,000		2,841,000
Pershing Capital		1,266,000		1,192,000
NFS		1,061,000		1,328,000
Securities fail-to-deliver		379,000		43,000
Globalshares		46,000		2,000
ICBC		—		10,000
Total Receivables from and deposits with broker-dealers and clearing organizations	$	23,023,000	$	8,475,000
Payables to broker-dealers and clearing organizations
Securities fail-to-receive	$	1,810,000	$	523,000
Total Payables to broker-dealers and clearing organizations	$	1,810,000	$	523,000

Under the DTCC shareholders’ agreement, MSCO is required to participate in the DTCC common stock mandatory purchase. As of December 31, 2020, MSCO had shares of DTCC common stock valued at approximately $937,000 which is included within the line item “Deposits with broker-dealers and clearing organizations” in the statements of financial condition. As of December 31, 2019, StockCross had shares of DTCC common stock valued at approximately $359,000.