Receivables From and Payables to Brokers, Dealers and Clearing Organizations

9 Months Ended

Sep. 30, 2024

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

Receivables From and Payables to Brokers, Dealers and Clearing Organizations

NOTE 3 – Receivables From and Payables to Brokers, Dealers, and Clearing Organizations

Amounts receivable from brokers, dealers, and clearing organizations at September 30, 2024 and December 31, 2023, included (in thousands):

	September 30, 2024		December 31, 2023
Receivable from clearing organizations	$	262,949	$	178,991
Deposits paid for securities borrowed		252,037		215,368
Securities failed to deliver		45,998		19,785
	$	560,984	$	414,144

Amounts payable to brokers, dealers, and clearing organizations at September 30, 2024 and December 31, 2023, included (in thousands):

	September 30, 2024		December 31, 2023
Deposits received from securities loaned	$	152,255	$	135,693
Securities failed to receive		42,296		91,636
Payable to clearing organizations		15,716		4,407
	$	210,267	$	231,736

Deposits paid for securities borrowed approximate the market value of the securities. Securities failed to deliver and receive represent the contract value of securities that have not been delivered or received on settlement date.