Securities Owned and Sold, Not Yet Purchased

12 Months Ended

Dec. 31, 2015

Securities Owned and Sold, Not Yet Purchased

Securities Owned and Sold, Not Yet Purchased

(8)   Securities Owned and Sold, Not Yet Purchased

        The following is a summary of securities owned and securities sold, not yet purchased (dollars in thousands):

	Securities Owned				Securities Sold, Not Yet Purchased
	2015		2014		2015		2014
Corporate stocks—trading securities	$	2,571	$	8,160	$	2,637	$	8,253
Mutual funds		3,027		3,913		—		—
Total	$	5,598	$	12,073	$	2,637	$	8,253

        Trading securities owned and sold, not yet purchased primarily consists of temporary positions obtained in the normal course of agency trading activities, including positions held in connection with the creation and redemption of exchange-traded funds on behalf of clients.