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 March 31, 2019 by level in the fair value hierarchy.



	March 31, 2019
(in millions)	Level 1		Level 2		Level 3		Netting and Collateral (1)			Total
Assets:
Unrestricted cash equivalents - certificates of deposit	$	8.3	$	—	$	—	$	—		$	8.3
Commodities warehouse receipts	36.1		—		—		—			36.1
U.S. Treasury obligations	199.7		—		—		—			199.7
Securities and other assets segregated under federal and other regulations	235.8		—		—		—			235.8
U.S. Treasury obligations	429.4		—		—		—			429.4
"To be announced" (TBA) and forward settling securities	—		12.1		—		(0.9		)	11.2
Foreign government obligations	9.9		—		—		—			9.9
Derivatives	3,553.9		90.0		—		(3,671.7		)	(27.8		)
Deposits with and receivables from broker-dealers, clearing organizations and counterparties	3,993.2		102.1		—		(3,672.6		)	422.7
Equity securities	82.9		3.7		—		—			86.6
Corporate and municipal bonds	—		94.8		—		—			94.8
U.S. Treasury obligations	330.2		—		—		—			330.2
U.S. government agency obligations	—		755.8		—		—			755.8
Foreign government obligations	5.5		—		—		—			5.5
Agency mortgage-backed obligations	—		1,025.8		—		—			1,025.8
Asset-backed obligations	—		36.7		—		—			36.7
Derivatives	1.2		387.0		—		(184.5		)	203.7
Commodities leases	—		13.7		—		—			13.7
Commodities warehouse receipts	23.0		—		—		—			23.0
Exchange firm common stock	9.9		—		—		—			9.9
Mutual funds and other	11.0		—		—		—			11.0
Financial instruments owned	463.7		2,317.5		—		(184.5		)	2,596.7
Physical commodities inventory	39.6		163.3		—		—			202.9
Total assets at fair value	$	4,740.6	$	2,582.9	$	—	$	(3,857.1	)	$	3,466.4
Liabilities:
TBA and forward settling securities	—		16.7		—		(0.9		)	15.8
Derivatives	3,502.9		71.0		—		(3,573.9		)	—
Payable to broker-dealers, clearing organizations and counterparties	3,502.9		87.7		—		(3,574.8		)	15.8
Equity securities	68.6		0.7		—		—			69.3
Foreign government obligations	1.3		—		—		—			1.3
Corporate and municipal bonds	—		30.9		—		—			30.9
U.S. Treasury obligations	502.3		—		—		—			502.3
U.S. government agency obligations	—		75.2		—		—			75.2
Agency mortgage-backed obligations	—		0.5		—		—			0.5
Derivatives	—		428.4		—		(227.0		)	201.4
Commodities leases	—		75.8		—		—			75.8
Financial instruments sold, not yet purchased	572.2		611.5		—		(227.0		)	956.7
Total liabilities at fair value	$	4,075.1	$	699.2	$	—	$	(3,801.8	)	$	972.5


(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, 2018 by level in the fair value hierarchy.



	September 30, 2018
(in millions)	Level 1		Level 2		Level 3		Netting and Collateral (1)			Total
Assets:
Unrestricted cash equivalents - certificates of deposit	$	3.8	$	—	$	—	$	—		$	3.8
Commodities warehouse receipts	42.9		—		—		—			42.9
U.S. Treasury obligations	600.4		—		—		—			600.4
Securities and other assets segregated under federal and other regulations	643.3		—		—		—			643.3
U.S. Treasury obligations	778.4		—		—		—			778.4
TBA and forward settling securities	—		5.0		—		(2.1		)	2.9
Foreign government obligations	7.7		—		—		—			7.7
Derivatives	7,495.9		19.6		—		(7,787.1		)	(271.6		)
Deposits with and receivables from broker-dealers, clearing organizations and counterparties	8,282.0		24.6		—		(7,789.2		)	517.4
Equity securities	71.2		3.0		—		—			74.2
Corporate and municipal bonds	—		79.1		—		—			79.1
U.S. Treasury obligations	120.1		—		—		—			120.1
U.S. government agency obligations	—		472.9		—		—			472.9
Foreign government obligations	6.4		—		—		—			6.4
Agency mortgage-backed obligations	—		1,022.5		—		—			1,022.5
Asset-backed obligations	—		42.9		—		—			42.9
Derivatives	0.8		514.6		—		(329.3		)	186.1
Commodities leases	—		29.5		—		(11.8		)	17.7
Commodities warehouse receipts	16.4		—		—		—			16.4
Exchange firm common stock	10.2		—		—		—			10.2
Mutual funds and other	6.3		—		—		—			6.3
Financial instruments owned	231.4		2,164.5		—		(341.1		)	2,054.8
Physical commodities inventory	42.1		114.8		—		—			156.9
Total assets at fair value	$	9,202.6	$	2,303.9	$	—	$	(8,130.3	)	$	3,376.2
Liabilities:
TBA and forward settling securities	—		2.1		—		(2.1		)	—
Derivatives	7,809.3		11.6		—		(7,820.9		)	—
Payable to broker-dealers, clearing organizations and counterparties	7,809.3		13.7		—		(7,823.0		)	—
Equity securities	51.1		0.4		—		—			51.5
Corporate and municipal bonds	—		20.1		—		—			20.1
U.S. Treasury obligations	484.8		—		—		—			484.8
U.S. government agency obligations	—		57.2		—		—			57.2
Agency mortgage-backed obligations	—		0.2		—		—			0.2
Derivatives	—		688.0		—		(494.6		)	193.4
Commodities leases	—		75.5		—		(16.2		)	59.3
Financial instruments sold, not yet purchased	535.9		841.4		—		(510.8		)	866.5
Total liabilities at fair value	$	8,345.2	$	855.1	$	—	$	(8,333.8	)	$	866.5


(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.