Financial Instruments Owned and Financial Instruments Sold, But Not Yet Purchased (Tables)

6 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Components of Trading Securities Owned and Trading Securities Sold, But Not Yet Purchased

The components of financial instruments owned and financial instruments sold, but not yet purchased, at June 30, 2023 and December 31, 2022 are as follows (in thousands):

	June 30, 2023		December 31, 2022
Financial instruments owned:
U.S. government securities	$	24,571	$	38,956
U.S. government agency securities		351,095		73,608
Agency mortgage-backed securities		173,629		172,642
Asset-backed securities		46,022		8,270
Corporate securities:
Fixed income securities		243,240		202,169
Equity securities		40,392		38,129
State and municipal securities		159,089		126,237
Other (1)		106,860		71,741
	$	1,144,898	$	731,752
Financial instruments sold, but not yet purchased:
U.S. government securities	$	445,251	$	254,265
U.S. government agency securities		12,889		3,971
Agency mortgage-backed securities		69,150		44,793
Corporate securities:
Fixed income securities		116,263		134,381
Equity securities		16,067		11,590
Other (2)		5,867		5,817
	$	665,487	$	454,817

(1) Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt.

(2) Includes syndicated loans and state and municipal securities.