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Securities Owned and Sold, Not Yet Purchased
 9 Months Ended
Sep. 30, 2016
Securities Owned and Sold, Not Yet Purchased  
Securities Owned and Sold, Not Yet Purchased

(6) 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 Sold, Not Yet

 

 

 

Securities Owned

 

Purchased

 

 

 

September 30, 

 

December 31, 

 

September 30, 

 

December 31, 

 

 

 

2016

 

2015

 

2016

 

2015

 

Corporate stocks—trading securities

    

$
6,171

    

$
2,571

    

$
6,143

    

$
2,637

 

Mutual funds

 

 
2,507

 

 
3,027

 

 

 —

 

 

 —

 

Total

 

$
8,678

 

$
5,598

 

$
6,143

 

$
2,637

 

 

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.