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Condensed Consolidated Income Statements - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Revenues:        
Sales of physical commodities $ 6,255.8 $ 5,273.3 $ 13,970.2 $ 11,169.3
Trading gains, net 107.7 84.0 193.5 167.0
Commission and clearing fees 97.2 70.3 175.0 139.5
Consulting,management, and account fees 18.3 15.5 34.9 31.2
Interest income 27.9 17.7 51.9 28.1
Other income 0.1 0.0 0.1 0.1
Total revenues 6,507.0 5,460.8 14,425.6 11,535.2
Cost of sales of physical commodities 6,246.8 5,265.0 13,952.8 11,153.9
Operating revenues 260.2 195.8 472.8 381.3
Transaction-based clearing expenses 50.7 33.7 87.6 67.3
Introducing broker commissions 36.2 28.2 67.3 56.9
Interest expense 19.0 10.0 33.3 18.9
Net operating revenues 154.3 123.9 284.6 238.2
Compensation and other expenses:        
Compensation and benefits 88.2 76.6 165.4 147.2
Trading systems and market information 8.9 8.5 17.1 17.4
Occupancy and equipment rental 4.2 3.8 8.3 7.2
Professional fees 3.9 3.4 8.6 8.2
Travel and business development 3.0 3.0 6.5 6.6
Non-trading technology and support 3.4 2.8 6.5 5.7
Depreciation and amortization 2.9 2.4 5.6 4.8
Communications 1.4 1.2 2.8 2.4
Bad debts 0.2 1.3 1.3 3.8
Other 8.7 6.6 14.4 12.2
Total compensation and other expenses 124.8 109.6 236.5 215.5
Income before tax 29.5 14.3 48.1 22.7
Income tax expense 6.8 3.3 32.3 5.4
Net income $ 22.7 $ 11.0 $ 15.8 $ 17.3
Earnings per share:        
Basic $ 1.20 $ 0.58 $ 0.83 $ 0.92
Diluted $ 1.18 $ 0.58 $ 0.81 $ 0.92
Weighted-average number of common shares outstanding:        
Basic 18,559,849 18,404,236 18,502,795 18,325,383
Diluted 18,859,333 18,661,418 18,836,213 18,637,480