Deferred Contract Incentive	9 Months Ended
Sep. 30, 2023
Deferred Contract Incentive [Abstract]
Deferred Contract Incentive	16. Deferred Contract Incentive Effective August 1, 2021, MSCO entered into an amendment to its clearing agreement with NFS that, among other things, extended the term of the arrangement for an additional four-year period commencing on August 1, 2021 and ending July 31, 2025. As part of this agreement, the Company received a one-time business development credit of $3 million from NFS which was recorded in the line item “Deferred contract incentive” on the statements of financial condition. This credit will be recognized as contra expense over the term of the agreement in the line item “Clearing fees, including execution costs” on the statements of operations. The Company recognized $213,000 and $196,000 in contra expense for the three months ended September 30, 2023 and 2022, respectively. The Company recognized $637,000 and $621,000 in contra expense for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and December 31, 2022, the balance of the deferred contract incentive was $1.4 million and $2.0 million, respectively.

Deferred Contract Incentive

9 Months Ended

Sep. 30, 2023

Deferred Contract Incentive [Abstract]

16. Deferred Contract Incentive

Effective August 1, 2021, MSCO entered into an amendment to its clearing agreement with NFS that, among other things, extended the term of the arrangement for an additional four-year period commencing on August 1, 2021 and ending July 31, 2025.

As part of this agreement, the Company received a one-time business development credit of $3 million from NFS which was recorded in the line item “Deferred contract incentive” on the statements of financial condition. This credit will be recognized as contra expense over the term of the agreement in the line item “Clearing fees, including execution costs” on the statements of operations. The Company recognized $213,000 and $196,000 in contra expense for the three months ended September 30, 2023 and 2022, respectively. The Company recognized $637,000 and $621,000 in contra expense for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023 and December 31, 2022, the balance of the deferred contract incentive was $1.4 million and $2.0 million, respectively.