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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Revenues:        
Sales of physical commodities $ 3,548.0 $ 14,291.6 $ 6,800.6 $ 27,785.9
Trading gains, net 80.7 84.8 160.4 155.1
Commission and clearing fees 52.1 47.2 101.2 96.7
Consulting and management fees 9.6 9.3 19.3 19.7
Interest income 18.5 9.0 27.2 12.1
Other income 0.0 0.1 0.1 0.2
Total revenues 3,708.9 14,442.0 7,108.8 28,069.7
Cost of sales of physical commodities 3,542.8 14,285.5 6,791.4 27,775.7
Operating revenues 166.1 156.5 317.4 294.0
Transaction-based clearing expenses 32.9 31.8 62.7 61.2
Introducing broker commissions 13.2 12.3 26.0 24.5
Interest expense 7.1 4.5 13.1 7.2
Net operating revenues 112.9 107.9 215.6 201.1
Compensation and other expenses:        
Compensation and benefits 65.2 63.1 128.3 119.5
Communication and data services 7.3 7.2 15.2 13.9
Occupancy and equipment rental 3.2 3.8 6.5 6.9
Professional fees 2.7 3.1 5.6 6.4
Travel and business development 2.3 2.5 5.5 5.3
Depreciation and amortization 2.2 1.8 4.1 3.7
Bad debts 2.6 2.8 4.6 2.8
Other 7.4 5.5 13.7 10.9
Total compensation and other expenses 92.9 89.8 183.5 169.4
Income before tax 20.0 18.1 32.1 31.7
Income tax expense 5.5 5.1 8.8 9.3
Net income $ 14.5 $ 13.0 $ 23.3 $ 22.4
Earnings per share:        
Basic $ 0.77 $ 0.68 $ 1.24 $ 1.18
Diluted $ 0.76 $ 0.67 $ 1.22 $ 1.16
Weighted-average number of common shares outstanding:        
Basic 18,592,643 18,599,011 18,621,337 18,546,377
Diluted 18,755,450 18,957,780 18,821,822 18,743,033