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Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk (Tables)
 3 Months Ended
Dec. 31, 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 December 31, 2022 and September 30, 2022. Assets represent net unrealized gains and liabilities represent net unrealized losses.
 December 31, 2022September 30, 2022
(in millions)
Assets (1)
Liabilities (1)
Assets (1)
Liabilities (1)
Derivative contracts not accounted for as hedges:
Exchange-traded commodity derivatives$2,232.4 $2,224.6 $4,520.4 $4,519.3 
OTC commodity derivatives1,330.5 1,272.2 756.9 695.6 
Exchange-traded foreign exchange derivatives690.6 690.6 25.6 25.7 
OTC foreign exchange derivatives833.1 800.2 577.1 549.3 
Exchange-traded interest rate derivatives1,085.2 1,086.1 2,626.8 2,626.7 
OTC interest rate derivatives337.9 337.9 168.9 205.1 
Exchange-traded equity index derivatives391.6 391.6 609.5 609.5 
OTC equity and indices derivatives151.4 81.0 164.4 95.7 
TBA and forward settling securities65.8 46.0 207.6 154.9 
Subtotal7,118.5 6,930.2 9,657.2 9,481.8 
Derivative contracts designated as hedging instruments:
Interest rate contracts0.3 50.9 — 48.8 
Foreign currency forward contracts1.3 3.6 — 21.8 
Subtotal1.6 54.5 — 70.6 
Gross fair value of derivative contracts$7,120.1 $6,984.7 $9,657.2 $9,552.4 
Impact of netting and collateral (7,828.4)(7,464.7)(10,920.8)(10,505.0)
Total fair value included in Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$(976.3)$(1,455.7)
Total fair value included in Receivables from clients, net
$0.3 $(0.5)
Total fair value included in Financial instruments owned, at fair value
$267.7 $192.6 
Total fair value included in Payables to clients
$(820.4)$(1,392.4)
Total fair value included in Payables to broker-dealers, clearing organizations and counterparties
$13.5 $55.8 
Total fair value included in Financial instruments sold, not yet purchased, at fair value
$326.9 $384.0 
(1)As of December 31, 2022 and September 30, 2022, the Company’s derivative contract volume for open positions was approximately 11.2 million and 13.3 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, 2022 are as follow:
 December 31, 2022September 30, 2022
(in millions)Balance Sheet LocationFair ValueFair Value
Asset Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments owned, net$0.3 $— 
Foreign currency forward contractsFinancial instruments owned, net1.3 — 
Total derivatives designated as hedging instruments$1.6 $— 
Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments sold, not yet purchased$50.9 $48.8 
Foreign currency forward contractsFinancial instruments sold, not yet purchased3.6 21.8 
Total derivatives designated as hedging instruments$54.5 $70.6 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The Condensed Consolidated Income Statement effects of derivative instruments designated for hedging held for the three months ended December 31, 2022 and 2021 are as follows:
(in millions)Income Statement LocationThree Months Ended December 31, 2022Three Months Ended December 31, 2021
Total amounts in income related to hedges
Interest rate contractsInterest Income$(5.4)$0.1 
Foreign currency forward contractsCompensation and benefits(0.2)— 
Total derivatives designated as hedging instruments$(5.6)$0.1 
(Loss)/Gain on cash flow hedging relationships:
Amount of (loss)/gain reclassified from accumulated other comprehensive income into income$(5.6)$0.1 
Amount of gain reclassified from accumulated other comprehensive income into income as a result of a forecasted transaction that is no longer probable of occurring$— $— 
The following table sets forth the Company’s net gains/(losses) related to derivative financial instruments for the three months ended December 31, 2022 and 2022 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)20222021
Commodities$54.2 $47.7 
Foreign exchange 48.8 35.8 
Interest rate, equities, and indices 8.3 25.4 
TBA and forward settling securities(23.0)(2.1)
Net gains from derivative contracts$88.3 $106.8 
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 three months ended December 31, 2022 and 2021 are as follow:

Three Months Ended December 31, 2022
(in millions)Amount of Gain/(loss) Recognized in Other Comprehensive Income on Derivatives, net of taxLocation of amount Reclassified from Accumulated Other Comprehensive Income into IncomeAmount Reclassified from Accumulated Other Comprehensive Income into Income
Derivatives in Cash Flow Hedging Relationships:
Interest rate contracts$(1.4)Interest Income$(5.4)
Foreign currency forward contracts16.1 Compensation and benefits(0.2)
Total$14.7 $(5.6)

Three Months Ended December 31, 2021
(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$0.1 Interest Income$0.1 
Total$0.1 $0.1