Securities Owned and Sold, Not Yet Purchased

12 Months Ended

Dec. 31, 2016

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 Sold, Not Yet
	Securities Owned				Purchased
	December 31,		December 31,		December 31,		December 31,
	2016		2015		2016		2015
Corporate stocks - trading securities	$	244	$	2,571	$	249	$	2,637
Mutual funds		2,313		3,027		—		—
Total	$	2,557	$	5,598	$	249	$	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.