Segment Analysis (Tables)

6 Months Ended

Mar. 31, 2020

Segment Analysis [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Information for the reportable segments is shown in accordance with the Segment Reporting Topic of the ASC as follows

	Three Months Ended March 31,						Six Months Ended March 31,
(in millions)	2020			2019			2020			2019
Total revenues:
Commercial Hedging	$	101.7		$	80.6		$	171.4		$	140.4
Global Payments	29.4			27.4			60.8			57.1
Securities	117.9			72.6			199.0			141.6
Physical Commodities	20,023.5			6,940.9			31,011.8			13,242.7
Clearing and Execution Services	96.5			73.6			172.4			168.8
Corporate Unallocated	4.0			4.1			9.2			7.0
Eliminations	(6.7		)	(7.0		)	(13.3		)	(13.2		)
Total	$	20,366.3		$	7,192.2		$	31,611.3		$	13,744.4
Operating revenues:
Commercial Hedging	$	101.7		$	80.6		$	171.4		$	140.4
Global Payments	29.4			27.4			60.8			57.1
Securities	117.9			72.6			199.0			141.6
Physical Commodities	24.0			19.8			44.1			34.1
Clearing and Execution Services	96.5			73.6			172.4			168.8
Corporate Unallocated	4.0			4.1			9.2			7.0
Eliminations	(6.7		)	(7.0		)	(13.3		)	(13.2		)
Total	$	366.8		$	271.1		$	643.6		$	535.8
Net operating revenues (loss):
Commercial Hedging	$	84.2		$	65.8		$	138.6		$	111.1
Global Payments	28.0			25.8			57.8			54.2
Securities	78.1			32.0			121.2			64.1
Physical Commodities	19.5			15.1			35.4			25.5
Clearing and Execution Services	37.1			31.0			67.1			68.5
Corporate Unallocated	(3.5		)	(4.5		)	(6.2		)	(9.2		)
Total	$	243.4		$	165.2		$	413.9		$	314.2
Net contribution:
(Revenues less cost of sales of physical commodities, transaction-based clearing expenses, variable compensation, introducing broker commissions and interest expense)
Commercial Hedging	$	59.1		$	49.3		$	97.9		$	79.9
Global Payments	22.6			21.0			46.4			44.1
Securities	50.5			20.1			77.9			41.9
Physical Commodities	13.8			11.5			25.1			18.6
Clearing and Execution Services	28.9			23.4			53.4			53.1
Total	$	174.9		$	125.3		$	300.7		$	237.6
Segment income:
(Net contribution less non-variable direct segment costs)
Commercial Hedging	$	35.8		$	30.2		$	57.3		$	43.5
Global Payments	17.2			15.8			36.1			34.4
Securities	38.4			11.8			55.1			27.8
Physical Commodities	9.6			7.8			17.2			13.7
Clearing and Execution Services	16.3			11.6			27.4			29.3
Total	$	117.3		$	77.2		$	193.1		$	148.7
Reconciliation of segment income to income before tax:
Segment income	$	117.3		$	77.2		$	193.1		$	148.7
Net costs not allocated to operating segments	61.2			51.7			115.4			98.8
Other gain	—			5.4			0.1			5.4
Income before tax	$	56.1		$	30.9		$	77.8		$	55.3
(in millions)	As of March 31, 2020			As of September 30, 2019
Total assets:
Commercial Hedging	$	2,309.7		$	2,041.0
Global Payments	298.0			278.3
Securities	5,109.4			5,219.1
Physical Commodities	458.1			357.8
Clearing and Execution Services	2,448.9			1,892.1
Corporate Unallocated	246.8			147.8
Total	$	10,870.9		$	9,936.1