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Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk (Tables)
 9 Months Ended
Jun. 30, 2021
Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk [Abstract]  
Schedule of Derivative Instruments
Listed below are the fair values of the Company’s derivative assets and liabilities as of June 30, 2021 and September 30, 2020. Assets represent net unrealized gains and liabilities represent net unrealized losses.
 June 30, 2021September 30, 2020
(in millions)
Assets (1)
Liabilities (1)
Assets (1)
Liabilities (1)
Derivative contracts not accounted for as hedges:
Exchange-traded commodity derivatives$3,438.7 $3,133.9 $1,637.2 $1,747.3 
OTC commodity derivatives1,008.1 1,028.3 553.9 433.2 
Exchange-traded foreign exchange derivatives166.6 188.4 9.3 13.0 
OTC foreign exchange derivatives300.0 240.3 520.8 461.5 
Exchange-traded interest rate derivatives287.3 427.8 271.1 200.7 
OTC interest rate derivatives58.8 57.6 96.0 96.6 
Exchange-traded equity index derivatives223.3 119.5 32.1 39.8 
OTC equity and indices derivatives135.6 90.2 113.0 55.4 
TBA and forward settling securities21.6 16.5 31.0 22.0 
Gross fair value of derivative contracts$5,640.0 $5,302.5 $3,264.4 $3,069.5 
Impact of netting and collateral (5,170.8)(5,308.7)(3,319.0)(3,100.7)
Total fair value included in 'Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net' $266.1 $(173.5)
Total fair value included in 'Receivables from clients, net'$5.1 $1.5 
Total fair value included in 'Financial instruments owned, at fair value'$198.0 $117.4 
Total fair value included in 'Payables to clients'$(495.7)$(222.7)
Total fair value included in 'Payables to broker-dealers, clearing organizations and counterparties’$12.4 $14.7 
Total fair value included in 'Financial instruments sold, not yet purchased, at fair value'$477.1 $176.8 
(1)As of June 30, 2021 and September 30, 2020, the Company’s derivative contract volume for open positions were approximately 11.1 million and 7.9 million contracts, respectively.
Schedule of Derivative Instruments Included in Trading Activities
As of June 30, 2021 and September 30, 2020, these transactions are summarized as follows:
June 30, 2021September 30, 2020
(in millions)Gain / (Loss)Notional AmountsGain / (Loss)Notional Amounts
Gain/(Loss)Notional AmountsGain/(Loss)Notional Amounts
Unrealized gain on TBA securities purchased within deposits with and receivables from broker-dealers, clearing organizations and counterparties, net and related notional amounts $— $— $10.8 $5,389.3 
Unrealized loss on TBA securities purchased within deposits with and receivables from broker-dealers, clearing organizations and counterparties, net and related notional amounts $— $— $(1.7)$2,647.7 
Unrealized gain on TBA securities purchased within payables to broker-dealers, clearing organizations and counterparties and related notional amounts$9.2 3,030.2 $— $— 
Unrealized loss on TBA securities purchased within payables to broker-dealers, clearing organizations and counterparties and related notional amounts$(2.8)$1,616.2 $— $— 
Unrealized gain on TBA securities sold within deposits with and receivables from broker-dealers, clearing organizations and counterparties and related notional amounts$4.6 $(2,777.2)$— $— 
Unrealized loss on TBA securities sold within deposits with and receivables from broker-dealers, clearing organizations and counterparties and related notional amounts$(9.3)$(3,433.8)$— $— 
Unrealized gain on TBA securities sold within payables to broker-dealers, clearing organizations and counterparties and related notional amounts $— $— $2.8 $(2,978.7)
Unrealized loss on TBA securities sold within payables to broker-dealers, clearing organizations and counterparties and related notional amounts $— $— $(13.0)$(6,549.4)
Unrealized gain on forward settling securities purchased within deposits with and receivables from broker-dealers, clearing organizations and counterparties, net and related notional amounts $7.8 1,579.0 $— $— 
Unrealized loss on forward settling securities sold within deposits with and receivables from broker-dealers, clearing organizations and counterparties, net and related notional amounts$(4.4)$(892.8)$— $— 
Unrealized gain on forward settling securities sold within deposits with and receivables from broker-dealers, clearing organizations and counterparties, net and related notional amounts $— $— $17.4 $(1,946.0)
Unrealized loss on forward settling securities purchased within deposits with and receivables from broker-dealers, clearing organizations and counterparties, net and related notional amounts $— $— $(7.3)$2,447.1 
(1) The notional amounts of these instruments reflect the extent of the Company's involvement in TBA and forward settling securities and do not represent risk of loss due to counterparty non-performance.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table sets forth the Company’s net gains/(losses) related to derivative financial instruments for the three and nine months ended June 30, 2021 and 2020 in accordance with the Derivatives and Hedging Topic of the ASC. The net gains/(losses) set forth below are included in Principal gains, net and Cost of sales of physical commodities in the Condensed Consolidated Income Statements.
Three Months Ended June 30,Nine Months Ended June 30,
(in millions)2021202020212020
Commodities$75.0 $28.1 $138.2 $107.9 
Foreign exchange 25.8 2.6 87.3 9.9 
Interest rate, equities, and indices 24.3 0.7 67.5 0.3 
TBA and forward settling securities(1.9)(5.6)(1.8)(40.9)
Net gains from derivative contracts$123.2 $25.8 $291.2 $77.2