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Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned $ 1,230,855 $ 918,741
Available-for-sale securities, Fair Value 1,499,982 [1] 1,551,686
Investments 89,518 91,105
Cash equivalents measured at NAV 2,013 4,706
Derivative contracts, Assets 127,701 [2] 118,668 [3]
Total Assets 2,950,069 2,684,906
Financial instruments sold, but not yet purchased, at fair value 682,279 497,741
Derivative contracts, Liabilities 127,680 [4] 118,651 [5]
Total, Liabilities 809,959 616,392
U.S. Government Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 19,071 32,411
Financial instruments sold, but not yet purchased, at fair value 411,916 273,653
U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 195,116 106,634
Available-for-sale securities, Fair Value 2,209 [1] 2,219
Financial instruments sold, but not yet purchased, at fair value   4,924
Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 80,121 19,604
Available-for-sale securities, Fair Value 171,385 177,853
Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 340,239 237,671
Available-for-sale securities, Fair Value 542,997 [1] 556,161
Financial instruments sold, but not yet purchased, at fair value 164,227 138,359
Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 62,434 52,520
Investments 22,874 22,406
Financial instruments sold, but not yet purchased, at fair value 45,530 21,576
State And Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 224,714 223,155
Available-for-sale securities, Fair Value 2,350 [1] 2,351
Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 783 783
Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments [6]   39,655
Investments in Funds and Partnerships Measured at NAV [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 26,265 28,261
Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 208,299 159,903
Available-for-sale securities, Fair Value 713,939 [1] 746,170
Financial instruments sold, but not yet purchased, at fair value 56,755 52,664
Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, Fair Value 66,854 [1] 66,671
Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, Fair Value 248 [1] 261
Sovereign Debt [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,230,855 918,741
Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 100,861 [7] 86,843 [8]
Investments [9] 39,596  
Financial instruments sold, but not yet purchased, at fair value 3,851 [10] 6,565 [11]
Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 10,813 10,386
Total Assets 92,008 95,165
Financial instruments sold, but not yet purchased, at fair value 457,491 295,229
Total, Liabilities 457,491 295,229
Level 1 [Member] | U.S. Government Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 19,071 32,411
Financial instruments sold, but not yet purchased, at fair value 411,916 273,653
Level 1 [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 48 210
Financial instruments sold, but not yet purchased, at fair value 45  
Level 1 [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 62,076 52,158
Investments 10,780 10,313
Financial instruments sold, but not yet purchased, at fair value 45,530 21,576
Level 1 [Member] | Other Investment [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments [6]   73
Level 1 [Member] | Sovereign Debt [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 81,195 84,779
Level 1 [Member] | Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments [9] 33  
Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, Fair Value 1,499,982 1,551,686
Investments 312 330
Derivative contracts, Assets 127,701 [2] 118,668 [3]
Total Assets 2,678,686 2,420,184
Financial instruments sold, but not yet purchased, at fair value 221,039 198,676
Derivative contracts, Liabilities 127,680 [4] 118,651 [5]
Total, Liabilities 348,719 317,327
Level 2 [Member] | U.S. Government Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 195,116 106,634
Available-for-sale securities, Fair Value 2,209 2,219
Financial instruments sold, but not yet purchased, at fair value   4,924
Level 2 [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 78,882 18,106
Available-for-sale securities, Fair Value 171,385 177,853
Level 2 [Member] | Corporate Fixed Income Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 340,191 237,461
Available-for-sale securities, Fair Value 542,997 556,161
Financial instruments sold, but not yet purchased, at fair value 164,182 138,359
Level 2 [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 358 362
Investments 216 215
Level 2 [Member] | State And Municipal Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 224,714 223,155
Available-for-sale securities, Fair Value 2,350 2,351
Level 2 [Member] | Agency Mortgage-Backed Securities [Member] | Agency Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 208,299 159,903
Available-for-sale securities, Fair Value 713,939 746,170
Financial instruments sold, but not yet purchased, at fair value 56,755 52,664
Level 2 [Member] | Agency Mortgage-Backed Securities [Member] | Commercial [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, Fair Value 66,854 66,671
Level 2 [Member] | Agency Mortgage-Backed Securities [Member] | Non-Agency [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Available-for-sale securities, Fair Value 248 261
Level 2 [Member] | Sovereign Debt [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,050,691 749,500
Level 2 [Member] | Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 3,131 [7] 3,879 [8]
Investments 96 [9] 115 [6]
Financial instruments sold, but not yet purchased, at fair value 102 [10] 2,729 [11]
Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 52,128 52,128
Total Assets 151,097 136,590
Financial instruments sold, but not yet purchased, at fair value 3,749 3,836
Total, Liabilities 3,749 3,836
Level 3 [Member] | Asset-Backed Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 1,239 1,498
Level 3 [Member] | Corporate Equity Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 11,878 11,878
Level 3 [Member] | Auction Rate Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investments 783 783
Level 3 [Member] | Sovereign Debt [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 98,969 84,462
Level 3 [Member] | Other [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financial instruments owned 97,730 [7] 82,964 [8]
Investments 39,467 [9] 39,467 [6]
Financial instruments sold, but not yet purchased, at fair value $ 3,749 [10] $ 3,836 [11]
[1] Due to the immaterial amount of income recognized on tax-exempt securities, yields were not calculated on a tax-equivalent basis.
[2] Included in other assets in the consolidated statements of financial condition.
[3] Included in other assets in the consolidated statements of financial condition.
[4] Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
[5] Included in accounts payable and accrued expenses in the consolidated statements of financial condition.
[6] Primarily includes private company investments.
[7] Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt.
[8] Includes syndicated loans, non-agency mortgage-backed securities, and sovereign debt.
[9] Primarily includes private company investments.
[10] Includes syndicated loans, U.S. government agency securities, and state and municipal securities.
[11] Includes syndicated loans, state and municipal securities, and asset-backed securities