Revenue from Contracts with Clients (Tables)

3 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table represents a disaggregation of the Company’s total revenues separated between revenues from contracts with clients and other sources of revenue for the periods indicated.

	Three Months Ended December 31,
(in millions)	2022		2021
Revenues from contracts with clients:
Commission and clearing fees:
Sales-based:
Exchange-traded futures and options	$	48.7	$	44.6
OTC derivative brokerage	3.6		4.4
Equities and fixed income	15.4		14.6
Mutual funds	0.6		1.2
Insurance and annuity products	1.8		2.8
Other	1.1		0.8
Total sales-based commission	71.2		68.4
Trailing:
Mutual funds	3.0		3.9
Insurance and annuity products	3.5		4.4
Total trailing commission	6.5		8.3
Clearing fees	36.0		36.4
Trade conversion fees	2.4		2.0
Other	1.9		1.2
Total commission and clearing fees	118.0		116.3
Consulting, management, and account fees:
Underwriting fees	0.2		0.2
Asset management fees	10.7		10.6
Advisory and consulting fees	8.7		7.5
Sweep program fees	11.4		0.5
Client account fees	3.8		3.7
Other	5.0		1.6
Total consulting, management, and account fees	39.8		24.1
Sales of physical commodities:
Precious metals sales	788.6		780.3
Total revenues from contracts with clients	$	946.4	$	920.7
Method of revenue recognition:
Point-in-time	$	909.1	$	893.8
Time elapsed	37.3		26.9
Total revenues from contracts with clients	946.4		920.7
Other sources of revenues
Physical precious metals trading	10,479.0		12,315.3
Physical agricultural and energy product trading	1,135.8		823.3
Principal gains, net	254.2		251.1
Interest income	196.2		31.0
Total revenues	$	13,011.6	$	14,341.4
Total revenues by primary geographic region:
United States	$	1,563.6	$	1,124.7
Europe	915.0		884.6
South America	62.2		17.7
Middle East and Asia	10,466.3		12,312.2
Other	4.5		2.2
Total revenues	$	13,011.6	$	14,341.4
Operating revenues by primary geographic region:
United States	$	489.9	$	304.1
Europe	101.5		107.7
South America	31.5		17.7
Middle East and Asia	27.4		18.8
Other	4.5		2.2
Total operating revenues	$	654.8	$	450.5

Schedule of Income and Expense

The following table indicates the relevant income and expense:

	Three Months Ended December 31,
(in millions)	2022		2021
Dividend income on long equity positions	$	14.2	$	61.1
Dividend expense on short equity positions	13.2		52.3
Dividend income net of dividend expense reported within Principal Gains, net	$	1.0	$	8.8