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Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk (Tables)
 12 Months Ended
Sep. 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 September 30, 2022 and 2021. Assets represent net unrealized gains and liabilities represent net unrealized losses.
 September 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$4,520.4 $4,519.3 $3,904.1 $3,904.7 
OTC commodity derivatives756.9 695.6 803.4 761.3 
Exchange-traded foreign exchange derivatives25.6 25.7 119.9 119.9 
OTC foreign exchange derivatives577.1 549.3 216.9 185.5 
Exchange-traded interest rate derivatives2,626.8 2,626.7 245.9 249.0 
OTC interest rate derivatives168.9 205.1 56.4 54.9 
Exchange-traded equity index derivatives609.5 609.5 206.5 206.5 
OTC equity and indices derivatives164.4 95.7 148.5 94.1 
TBA and forward settling securities207.6 154.9 59.1 52.2 
Total derivative contracts not accounted for as hedges9,657.2 9,481.8 5,760.7 5,628.1 
Derivative contracts designated as hedging instruments:
Interest rate swaps— 48.8 — — 
Foreign currency forwards— 21.8 — — 
Total derivative contracts designated as hedging instruments— 70.6 — — 
Gross fair value of derivative contracts$9,657.2 $9,552.4 $5,760.7 $5,628.1 
Impact of netting and collateral (10,920.8)(10,505.0)(5,353.9)(4,955.4)
Total fair value included in Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$(1,455.7)$259.9 
Total fair value included in Receivables from clients, net
$(0.5)$2.6 
Total fair value included in Financial instruments owned, at fair value
$192.6 $144.3 
Total fair value included in Payables to clients
$(1,392.4)$291.5 
Total fair value included in Payables to broker-dealers, clearing organizations and counterparties
$55.8 $12.7 
Fair value included in Financial instruments sold, not yet purchased, at fair value
$384.0 $368.5 
(1)As of September 30, 2022 and 2021, the Company’s derivative contract volume for open positions was approximately 13.3 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 September 30, 2022 are as follow:
 September 30, 2022
(in millions)Balance Sheet LocationFair Value
Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments sold, not yet purchased$48.8 
Foreign currency forward contractsFinancial instruments sold, not yet purchased21.8 
Total derivatives designated as hedging instruments$70.6 
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 year ended September 30, 2022 are as follow:
Year Ended September 30, 2022
(in millions)Interest Expense
Total amounts in net income related to hedges
Interest rate contracts$2.4 
Total derivatives designated as hedging instruments$2.4 
Loss on cash flow hedging relationships:
Amount of loss reclassified from accumulated other comprehensive income into income$2.4 
Amount reclassified from accumulated other comprehensive income into income as a result of a forecasted transaction that is no longer probable of occurring$— 
The following table sets forth the Company’s net gains/(losses) related to derivative financial instruments for the periods indicated, 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 Consolidated Income Statements.
Year Ended September 30,
(in millions)202220212020
Commodities$303.7 $207.8 $197.3 
Foreign exchange174.4 116.3 38.2 
Interest rate, equities, and indices100.4 80.8 20.4 
TBA and forward settling securities
226.8 (6.3)(49.7)
Net gains from derivative contracts$805.3 $398.6 $206.2 
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 year ended September 30, 2022 are as follows:

Year Ended September 30, 2022
(in millions)Amount of Loss Recognized in Other Comprehensive Income on Derivatives, net of tax
Location of Loss Reclassified from Accumulated Other Comprehensive Income into IncomeAmount of Loss Reclassified from Accumulated Other Comprehensive Income into Income
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts$37.0 Interest Income$2.4 
Foreign currency forward contracts16.5 N/A— 
Total$53.5 $2.4