en & pany (COHN) - 2024 Q1 - Quarterly Report

Table of Contents Trading inventory includes investments classified as investments-trading as well as trading securities sold, not yet purchased. See note 7. For discussion of margin payable, see note 6. Other trading revenue includes revenue earned on our agency repo business (see note 10). Margin payable represents amounts borrowed from Pershing, LLC to finance the Company's trading portfolio. See note 5 for interest expense incurred on margin payable. All of the Company's securities included in investmen ...