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, 2019 by level in the fair value hierarchy.



	June 30, 2019
(in millions)	Level 1		Level 2		Level 3		Netting and Collateral (1)			Total
Assets:
Unrestricted cash equivalents - certificates of deposit	$	6.5	$	—	$	—	$	—		$	6.5
Commodities warehouse receipts	58.6		—		—		—			58.6
U.S. Treasury obligations	299.8		—		—		—			299.8
Securities and other assets segregated under federal and other regulations	358.4		—		—		—			358.4
U.S. Treasury obligations	484.2		—		—		—			484.2
"To be announced" (TBA) and forward settling securities	—		6.1		—		(0.5		)	5.6
Foreign government obligations	10.5		—		—		—			10.5
Derivatives	3,809.1		8.6		—		(3,937.6		)	(119.9		)
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net	4,303.8		14.7		—		(3,938.1		)	380.4
Equity securities	79.8		8.0		—		—			87.8
Corporate and municipal bonds	—		111.6		—		—			111.6
U.S. Treasury obligations	248.0		—		—		—			248.0
U.S. government agency obligations	—		465.1		—		—			465.1
Foreign government obligations	4.5		—		—		—			4.5
Agency mortgage-backed obligations	—		1,148.7		—		—			1,148.7
Asset-backed obligations	—		30.4		—		—			30.4
Derivatives	2.0		587.9		—		(343.7		)	246.2
Commodities leases	—		38.1		—		(11.3		)	26.8
Commodities warehouse receipts	39.6		—		—		—			39.6
Exchange firm common stock	11.7		—		—		—			11.7
Mutual funds and other	9.5		—		—		—			9.5
Financial instruments owned	395.1		2,389.8		—		(355.0		)	2,429.9
Physical commodities inventory	22.3		147.6		—		—			169.9
Total assets at fair value	$	5,086.1	$	2,552.1	$	—	$	(4,293.1	)	$	3,345.1
Liabilities:
TBA and forward settling securities	—		8.4		—		(0.5		)	7.9
Derivatives	4,005.3		26.7		—		(4,025.9		)	6.1
Payables to broker-dealers, clearing organizations and counterparties	4,005.3		35.1		—		(4,026.4		)	14.0
Equity securities	50.7		1.1		—		—			51.8
Foreign government obligations	2.7		—		—		—			2.7
Corporate and municipal bonds	—		29.2		—		—			29.2
U.S. Treasury obligations	479.9		—		—		—			479.9
U.S. government agency obligations	—		53.0		—		—			53.0
Derivatives	—		685.3		—		(486.3		)	199.0
Commodities leases	—		55.4		—		(9.8		)	45.6
Financial instruments sold, not yet purchased	533.3		824.0		—		(496.1		)	861.2
Total liabilities at fair value	$	4,538.6	$	859.1	$	—	$	(4,522.5	)	$	875.2


(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, net	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		)	—
Payables 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.