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Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk (Tables)
 3 Months Ended
Dec. 31, 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 December 31, 2021 and September 30, 2021. Assets represent net unrealized gains and liabilities represent net unrealized losses.
 December 31, 2021September 30, 2021
(in millions)
Assets (1)
Liabilities (1)
Assets (1)
Liabilities (1)
Derivative contracts not accounted for as hedges:
Exchange-traded commodity derivatives$2,795.0 $2,783.6 $3,904.1 $3,904.7 
OTC commodity derivatives814.6 730.8 803.4 761.3 
Exchange-traded foreign exchange derivatives33.6 33.7 119.9 119.9 
OTC foreign exchange derivatives201.1 157.1 216.9 185.5 
Exchange-traded interest rate derivatives601.0 608.3 245.9 249.0 
OTC interest rate derivatives47.6 45.6 56.4 54.9 
Exchange-traded equity index derivatives235.0 235.0 206.5 206.5 
OTC equity and indices derivatives152.7 96.8 148.5 94.1 
TBA and forward settling securities14.3 11.2 59.1 52.2 
Subtotal4,894.9 4,702.1 5,760.7 5,628.1 
Derivative contracts designated as hedging instruments:
Interest rate contracts0.1 0.1 — — 
Subtotal0.1 0.1 — — 
Gross fair value of derivative contracts$4,895.0 $4,702.2 $5,760.7 $5,628.1 
Impact of netting and collateral (4,437.8)(4,372.5)(5,353.9)(4,955.4)
Total fair value included in Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$318.8 $259.9 
Total fair value included in Receivables from clients, net
$2.0 $2.6 
Total fair value included in Financial instruments owned, at fair value
$136.4 $144.3 
Total fair value included in Payables to clients
$54.5 $291.5 
Total fair value included in Payables to broker-dealers, clearing organizations and counterparties
$0.7 $12.7 
Total fair value included in Financial instruments sold, not yet purchased, at fair value
$274.5 $368.5 
(1)As of December 31, 2021 and September 30, 2021, the Company’s derivative contract volume for open positions were approximately 10.3 million and 11.1 million contracts, respectively.
Schedule of Fair Value of Derivative Instruments Designated for Hedging The fair values of derivative instruments designated for hedging held as of December 31, 2021 are as follow:
 December 31, 2021
(in millions)Balance Sheet LocationFair Value
Asset Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments owned, net$0.1 
Total derivatives designated as hedging instruments$0.1 
Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments sold, not yet purchased$0.1 
Total derivatives designated as hedging instruments$0.1 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The Condensed Consolidated Income Statement effects of derivative instruments designated for hedging held for the three months ended December 31, 2021 are as follow:
Three Months Ended December 31, 2021
(in millions)Interest Income
Total amounts in income related to hedges
Interest rate contracts$0.1 
Total derivatives designated as hedging instruments$0.1 
Gain on cash flow hedging relationships:
Amount of gain reclassified from accumulated other comprehensive income into income$0.1 
Amount of gain reclassified from accumulated other comprehensive income into income as a result of a forecasted transaction is no longer probable of occurring$— 
The following table sets forth the Company’s net gains/(losses) related to derivative financial instruments for the three months ended December 31, 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 December 31,
(in millions)20212020
Commodities$47.7 $4.2 
Foreign exchange 35.8 36.0 
Interest rate, equities, and indices 25.4 12.6 
TBA and forward settling securities(2.1)(8.5)
Net gains from derivative contracts$106.8 $44.3 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income
The Accumulated other comprehensive income effects of derivative instruments designated for hedging held for the three months ended December 31, 2021 are as follow:

Three Months Ended December 31, 2021
(in millions)Amount of Gain Recognized in Other Comprehensive Income on Derivatives        
Location of Gain Reclassified from Accumulated Other Comprehensive Income into IncomeAmount of Gain or Reclassified from Accumulated Other Comprehensive Income into Income
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts$0.1 Interest Income$0.1 
Total$0.1 $0.1 
Schedule of Derivative Instruments Included in Trading Activities
As of December 31, 2021 and September 30, 2021, these transactions are summarized as follows:
December 31, 2021September 30, 2021
(in millions)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
$5.9 $3,097.4 $1.6 $1,453.4 
Unrealized loss on TBA securities purchased within Payables to broker-dealers, clearing organizations and counterparties and related notional amounts
$(1.9)1,301.2 $(37.6)$7,024.2 
Unrealized gain on TBA securities sold within Deposits with and receivables from broker-dealers, clearing organizations and counterparties and related notional amounts
$6.9 $(2,777.6)$43.0 $(8,391.4)
Unrealized loss on TBA securities sold within Payables to broker-dealers, clearing organizations, and counterparties
$(7.2)$(3,740.9)$(2.7)$(2,430.7)
Unrealized gain on forward settling securities purchased within Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$0.8 1,216.2 $0.3 $214.5 
Unrealized loss on forward settling securities purchased within Payables to broker-dealers, clearing organizations, and counterparties
$(1.8)$505.8 $(11.5)$2,580.7 
Unrealized gain on forward settling securities sold within Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$0.6 $(615.4)$14.1 $(1,867.4)
Unrealized loss on forward settling securities sold within Payables to broker-dealers, clearing organizations, and counterparties
$(0.3)$(249.0)$(0.4)$(133.1)
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.