XML 40 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Assets and Liabilities, at Fair Value (Tables)
 9 Months Ended
Jun. 30, 2018
Assets and Liabilities, at Fair Value [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth the Company’s financial and nonfinancial assets and liabilities accounted for at fair value, on a recurring basis, as of June 30, 2018 by level in the fair value hierarchy.
 
June 30, 2018
(in millions)
Level 1
 
Level 2
 
Level 3
 
Netting and
Collateral
(1)
 
Total
Assets:
 
 
 
 
 
 
 
 
 
Unrestricted cash equivalents - certificate of deposits
$
3.8

 
$
—

 
$
—

 
$
—

 
$
3.8

Commodities warehouse receipts
74.9

 
—

 
—

 
—

 
74.9

U.S. Treasury obligations
600.5

 
—

 
—

 
—

 
600.5

Cash, securities and other assets segregated under federal and other regulations
675.4

 
—

 
—

 
—

 
675.4

U.S. Treasury obligations
666.7

 
—

 
—

 
—

 
666.7

"To be announced" (TBA) and forward settling securities
—

 
4.4

 
—

 
(0.1
)
 
4.3

Foreign government obligations
—

 
5.5

 
—

 
—

 
5.5

Derivatives
6,131.7

 
24.2

 
—

 
(6,116.0
)
 
39.9

Deposits with and receivables from broker-dealers, clearing organization and counterparties
6,798.4

 
34.1

 
—

 
(6,116.1
)
 
716.4

Common and preferred stock, ADRs, and GDRs
33.2

 
2.9

 
—

 
—

 
36.1

Exchangeable foreign ordinary equities, ADRs, and GDRs
29.7

 
1.4

 
—

 
—

 
31.1

Corporate and municipal bonds
64.1

 
0.2

 
—

 
—

 
64.3

U.S. Treasury obligations
99.7

 
—

 
—

 
—

 
99.7

U.S. government agency obligations
—

 
352.8

 
—

 
—

 
352.8

Foreign government obligations
—

 
8.5

 
—

 
—

 
8.5

Agency mortgage-backed obligations
—

 
1,036.2

 
—

 
—

 
1,036.2

Asset-backed obligations
—

 
47.4

 
—

 
—

 
47.4

Derivatives
0.7

 
1,473.7

 
—

 
(1,169.4
)
 
305.0

Commodities leases
—

 
77.9

 
—

 
(70.6
)
 
7.3

Commodities warehouse receipts
0.1

 
—

 
—

 
—

 
0.1

Exchange firm common stock
10.0

 
—

 
—

 
—

 
10.0

Mutual funds and other
4.9

 
—

 
—

 
—

 
4.9

Financial instruments owned
242.4

 
3,001.0

 
—

 
(1,240.0
)
 
2,003.4

Physical commodities inventory, net
8.9

 
102.2

 
—

 
—

 
111.1

Total assets at fair value
$
7,728.9

 
$
3,137.3

 
$
—

 
$
(7,356.1
)
 
$
3,510.1

Liabilities:
 
 
 
 
 
 
 
 
 
TBA and forward settling securities
—

 
7.2

 
—

 
(0.1
)
 
7.1

Derivatives
6,175.9

 
3.4

 
—

 
(6,179.3
)
 
—

Payable to broker-dealers, clearing organizations and counterparties
6,175.9

 
10.6

 
—

 
(6,179.4
)
 
7.1

Common and preferred stock, ADRs, and GDRs
39.3

 
8.8

 
—

 
—

 
48.1

Exchangeable foreign ordinary equities, ADRs, and GDRs
31.2

 
—

 
—

 
—

 
31.2

Corporate and municipal bonds
1.5

 
—

 
—

 
—

 
1.5

U.S. Treasury obligations
511.4

 
—

 
—

 
—

 
511.4

U.S. government agency obligations
—

 
38.1

 
—

 
—

 
38.1

Agency mortgage-backed obligations
—

 
0.1

 
—

 
—

 
0.1

Derivatives
—

 
1,490.6

 
—

 
(1,184.8
)
 
305.8

Commodities leases
—

 
69.9

 
—

 
1.1

 
71.0

Financial instruments sold, not yet purchased
583.4

 
1,607.5

 
—

 
(1,183.7
)
 
1,007.2

Total liabilities at fair value
$
6,759.3

 
$
1,618.1

 
$
—

 
$
(7,363.1
)
 
$
1,014.3

 
(1)
Represents cash collateral and the impact of netting across the levels of the fair value hierarchy. Netting among positions classified within the same level is included in that level.

The following table sets forth the Company’s financial and nonfinancial assets and liabilities accounted for at fair value, on a recurring basis, as of September 30, 2017 by level in the fair value hierarchy.
 
September 30, 2017
(in millions)
Level 1
 
Level 2
 
Level 3
 
Netting and
Collateral
(1)
 
Total
Assets:
 
 
 
 
 
 
 
 
 
Unrestricted cash equivalents - certificates of deposits
$
3.8

 
$
—

 
$
—

 
$
—

 
$
3.8

Commodities warehouse receipts
21.0

 
—

 
—

 
—

 
21.0

U.S. Treasury obligations
33.5

 
—

 
—

 
—

 
33.5

Cash, securities and other assets segregated under federal and other regulations
54.5

 
—

 
—

 
—

 
54.5

U.S. Treasury obligations
244.7

 
—

 
—

 
—

 
244.7

"To be announced" (TBA) and forward settling securities
—

 
8.8

 
—

 
—

 
8.8

Foreign government obligations
—

 
6.4

 
—

 
—

 
6.4

Derivatives
2,608.6

 
289.1

 
—

 
(2,952.9
)
 
(55.2
)
Deposits with and receivables from broker-dealers, clearing organizations, and counterparties
2,853.3

 
304.3

 
—

 
(2,952.9
)
 
204.7

Common and preferred stock, ADRs, and GDRs
31.2

 
3.4

 
0.1

 
—

 
34.7

Exchangeable foreign ordinary equities, ADRs, and GDRs
9.2

 
1.2

 
—

 
—

 
10.4

Corporate and municipal bonds
28.2

 
0.9

 
—

 
—

 
29.1

U.S. Treasury obligations
60.0

 
—

 
—

 
—

 
60.0

U.S. government agency obligations
—

 
368.9

 
—

 
—

 
368.9

Foreign government obligations
—

 
10.2

 
—

 
—

 
10.2

Agency mortgage-backed obligations
—

 
920.9

 
—

 
—

 
920.9

Asset-backed obligations
—

 
47.3

 
—

 
—

 
47.3

Derivatives
1.3

 
1,413.4

 
—

 
(1,252.6
)
 
162.1

Commodities leases
—

 
174.1

 
—

 
(138.7
)
 
35.4

Commodities warehouse receipts
38.5

 
—

 
—

 
—

 
38.5

Exchange firm common stock
8.3

 
—

 
—

 
—

 
8.3

Mutual funds and other
6.0

 
—

 
—

 
—

 
6.0

Financial instruments owned
182.7

 
2,940.3

 
0.1

 
(1,391.3
)
 
1,731.8

Physical commodities inventory, net
73.2

 
—

 
—

 
—

 
73.2

Total assets at fair value
$
3,167.5

 
$
3,244.6

 
$
0.1

 
$
(4,344.2
)
 
$
2,068.0

Liabilities:
 
 
 
 
 
 
 
 
 
Accounts payable and other accrued liabilities - contingent liabilities
$
—

 
$
—

 
$
1.0

 
$
—

 
$
1.0

TBA and forward settling securities
—

 
4.9

 
—

 
(0.1
)
 
4.8

Derivatives
2,476.2

 
292.8

 
—

 
(2,769.0
)
 
—

Payable to broker-dealers, clearing organizations and counterparties
2,476.2

 
297.7

 
—

 
(2,769.1
)
 
4.8

Common and preferred stock, ADRs, and GDRs
33.7

 
0.7

 
—

 
—

 
34.4

Exchangeable foreign ordinary equities, ADRs, and GDRs
10.3

 
0.2

 
—

 
—

 
10.5

Corporate and municipal bonds
0.3

 
—

 
—

 
—

 
0.3

U.S. Treasury obligations
285.9

 
—

 
—

 
—

 
285.9

U.S. government agency obligations
—

 
27.9

 
—

 
—

 
27.9

Agency mortgage-backed obligations
—

 
0.1

 
—

 
—

 
0.1

Derivatives
—

 
1,427.2

 
—

 
(1,110.2
)
 
317.0

Commodities leases
—

 
191.1

 
—

 
(149.6
)
 
41.5

Financial instruments sold, not yet purchased
330.2

 
1,647.2

 
—

 
(1,259.8
)
 
717.6

Total liabilities at fair value
$
2,806.4

 
$
1,944.9

 
$
1.0

 
$
(4,028.9
)
 
$
723.4

(1)
Represents cash collateral and the impact of netting across the levels of the fair value hierarchy. Netting among positions classified within the same level is included in that level.
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
Information on Level 3 Financial Assets and Liabilities
The following tables set forth a summary of changes in the fair value of the Company’s Level 3 financial assets and liabilities during the three and nine months ended June 30, 2018 and 2017, including a summary of unrealized gains (losses) during the respective periods on the Company’s Level 3 financial assets and liabilities held during the periods.
 
Level 3 Financial Assets For the Three and Nine Months Ended June 30, 2018
(in millions)
Balances at
beginning of
period
 
Realized gains
(losses) during
period
 
Unrealized
gains (losses)
during period
 
Purchases/issuances
 
Settlements
 
Transfers in
or (out) of
Level 3
 
Balances at
end of period
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stock, ADRs, and GDRs
$
0.1

 
$
—

 
$
(0.1
)
 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.1

 
$
—

 
$
(0.1
)
 
$
—

 
$
—

 
$
—

 
$
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Level 3 Financial Assets and Financial Liabilities For the Three Months Ended June 30, 2017
(in millions)
Balances at
beginning of
period
 
Realized gains
(losses) during
period
 
Unrealized
gains (losses)
during period
 
Purchases/issuances
 
Settlements
 
Transfers in
or (out) of
Level 3
 
Balances at
end of period
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stock, ADRs, and GDRs
$
0.2

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.2

Corporate and municipal bonds
—

 
—

 
—

 
—

 
—

 
—

 
—

 
$
0.2

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in millions)
Balances at
beginning of
period
 
Realized (gains)
losses during
period
 
Unrealized
(gains) losses
during period
 
Purchases/issuances
 
Settlements
 
Transfers in
or (out) of
Level 3
 
Balances at
end of period
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent liabilities
$
0.9

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.9


 
Level 3 Financial Assets and Financial Liabilities For the Nine Months Ended June 30, 2017
(in millions)
Balances at
beginning of
period
 
Realized gains
(losses) during
period
 
Unrealized
gains (losses)
during period
 
Purchases/issuances
 
Settlements
 
Transfers in
or (out) of
Level 3
 
Balances at
end of period
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common and preferred stock, ADRs, and GDRs
$
0.2

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.2

Corporate and municipal bonds
3.0

 
—

 
—

 
—

 
(3.0
)
 
—

 
—

 
$
3.2

 
$
—

 
$
—

 
$
—

 
$
(3.0
)
 
$
—

 
$
0.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in millions)
Balances at
beginning of
period
 
Realized (gains)
losses during
period
 
Unrealized
(gains) losses
during period
 
Purchases/issuances
 
Settlements
 
Transfers in
or (out) of
Level 3
 
Balances at
end of period
Liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Contingent liabilities
$
0.8

 
$
—

 
$
0.1

 
$
—

 
$
—

 
$
—

 
$
0.9