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Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk (Tables)
 9 Months Ended
Jun. 30, 2022
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, 2022 and September 30, 2021. Assets represent net unrealized gains and liabilities represent net unrealized losses.
 June 30, 2022September 30, 2021
(in millions)
Assets (1)
Liabilities (1)
Assets (1)
Liabilities (1)
Derivative contracts not accounted for as hedges:
Exchange-traded commodity derivatives$5,579.8 $5,587.9 $3,904.1 $3,904.7 
OTC commodity derivatives993.6 1,050.8 803.4 761.3 
Exchange-traded foreign exchange derivatives414.4 414.4 119.9 119.9 
OTC foreign exchange derivatives464.2 400.7 216.9 185.5 
Exchange-traded interest rate derivatives3,623.8 3,623.8 245.9 249.0 
OTC interest rate derivatives127.4 115.2 56.4 54.9 
Exchange-traded equity index derivatives859.8 859.9 206.5 206.5 
OTC equity and indices derivatives162.8 93.1 148.5 94.1 
TBA and forward settling securities83.9 75.6 59.1 52.2 
Subtotal12,309.7 12,221.4 5,760.7 5,628.1 
Derivative contracts designated as hedging instruments:
Interest rate contracts— 33.3 — — 
Subtotal— 33.3 — — 
Gross fair value of derivative contracts$12,309.7 $12,254.7 $5,760.7 $5,628.1 
Impact of netting and collateral (11,567.7)(11,144.4)(5,353.9)(4,955.4)
Total fair value included in Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$593.7 $259.9 
Total fair value included in Receivables from clients, net
$(21.2)$2.6 
Total fair value included in Financial instruments owned, at fair value
$169.5 $144.3 
Total fair value included in Payables to clients
$624.9 $291.5 
Total fair value included in Payables to broker-dealers, clearing organizations and counterparties
$6.5 $12.7 
Total fair value included in Financial instruments sold, not yet purchased, at fair value
$478.9 $368.5 
(1)As of June 30, 2022 and September 30, 2021, the Company’s derivative contract volume for open positions was approximately 13.2 million and 11.1 million contracts, respectively.
Schedule of Fair Value of Derivative Instruments Designated for Hedging The fair values of derivative instruments designated for hedging held as of June 30, 2022 are as follow:
 June 30, 2022
(in millions)Balance Sheet LocationFair Value
Asset Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsNA$— 
Total derivatives designated as hedging instruments$— 
Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments sold, not yet purchased$33.3 
Total derivatives designated as hedging instruments$33.3 
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 and nine months ended June 30, 2022 are as follow:
Three Months Ended June 30, 2022Nine Months Ended June 30, 2022
(in millions)Interest IncomeInterest Income
Total amounts in income related to hedges
Interest rate contracts$0.1 $1.8 
Total derivatives designated as hedging instruments$0.1 $1.8 
Gain on cash flow hedging relationships:
Amount of gain reclassified from accumulated other comprehensive income into income$0.1 $1.8 
Amount of gain reclassified from accumulated other comprehensive income into income as a result of a forecasted transaction that is no longer probable of occurring$— $— 
The following table sets forth the Company’s net gains/(losses) related to derivative financial instruments for the three and nine months ended June 30, 2022 and 2021 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)2022202120222021
Commodities$69.9 $75.0 $218.8 $138.2 
Foreign exchange 47.5 25.8 127.2 87.3 
Interest rate, equities, and indices 29.5 24.3 82.3 67.5 
TBA and forward settling securities66.2 (1.9)158.2 (1.8)
Net gains from derivative contracts$213.1 $123.2 $586.5 $291.2 
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 and nine months ended June 30, 2022 are as follow:

Three Months Ended June 30, 2022
(in millions)Amount of Loss Recognized in Other Comprehensive Income on Derivatives, net of tax
Location of Gain Reclassified from Accumulated Other Comprehensive Income into IncomeAmount of Gain Reclassified from Accumulated Other Comprehensive Income into Income
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts$6.8 Interest Income$0.1 
Total$6.8 $0.1 

Nine Months Ended June 30, 2022
(in millions)Amount of Loss Recognized in Other Comprehensive Income on Derivatives, net of tax    
Location of Gain Reclassified from Accumulated Other Comprehensive Income into IncomeAmount of Gain Reclassified from Accumulated Other Comprehensive Income into Income
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts$25.0 Interest Income$1.8 
Total$25.0 $1.8