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Financial Instruments with Off-Balance Sheet Risk and Concentrations of Credit Risk (Tables)
 12 Months Ended
Sep. 30, 2023
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, 2023 and 2022. Assets represent net unrealized gains and liabilities represent net unrealized losses.
 September 30, 2023September 30, 2022
(in millions)
Assets (1)
Liabilities (1)
Assets (1)
Liabilities (1)
Derivative contracts not accounted for as hedges:
Exchange-traded commodity derivatives$1,907.0 $1,890.3 $4,520.4 $4,519.3 
OTC commodity derivatives1,523.3 1,456.0 756.9 695.6 
Exchange-traded foreign exchange derivatives4.3 4.3 25.6 25.7 
OTC foreign exchange derivatives497.1 455.3 577.1 549.3 
Exchange-traded interest rate derivatives1,507.6 1,509.8 2,626.8 2,626.7 
OTC interest rate derivatives417.6 417.6 168.9 205.1 
Exchange-traded equity index derivatives2,140.9 2,140.9 609.5 609.5 
OTC equity and indices derivatives127.3 68.5 164.4 95.7 
TBA and forward settling securities73.5 47.5 207.6 154.9 
Total derivative contracts not accounted for as hedges8,198.6 7,990.2 9,657.2 9,481.8 
Derivative contracts designated as hedging instruments:
Interest rate swaps— 24.6 — 48.8 
Foreign currency forwards1.7 2.5 — 21.8 
Total derivative contracts designated as hedging instruments1.7 27.1 — 70.6 
Gross fair value of derivative contracts$8,200.3 $8,017.3 $9,657.2 $9,552.4 
Impact of netting and collateral (7,731.3)(7,639.0)(10,920.8)(10,505.0)
Total fair value included in Deposits with and receivables from broker-dealers, clearing organizations, and counterparties, net
$206.7 $(1,455.7)
Total fair value included in Receivable from clients, net
$(7.9)$(0.5)
Total fair value included in Financial instruments owned, at fair value
$270.2 $192.6 
Total fair value included in Payables to clients
$79.8 $(1,392.4)
Total fair value included in Payables to broker-dealers, clearing organizations and counterparties
$10.2 $55.8 
Fair value included in Financial instruments sold, not yet purchased, at fair value
$288.3 $384.0 
(1)As of September 30, 2023 and 2022, the Company’s derivative contract volume for open positions was approximately 13.4 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 September 30, 2023 and 2022 are as follow:
 September 30, 2023September 30, 2022
(in millions)Balance Sheet LocationFair ValueFair Value
Asset Derivatives
Derivatives designated as hedging instruments:
Foreign currency forward contractsFinancial instruments owned, net$1.7 $— 
Total derivatives designated as hedging instruments$1.7 $— 
Derivative assets, net expected to be released from Other comprehensive income into earnings within the next 12 months:
Foreign currency forward contracts$1.4 $— 
Total expected to be released from Other comprehensive income into earnings
$1.4 $— 
Liability Derivatives
Derivatives designated as hedging instruments:
Interest rate contractsFinancial instruments sold, not yet purchased$24.6 $48.8 
Foreign currency forward contractsFinancial instruments sold, not yet purchased2.5 21.8 
Total derivatives designated as hedging instruments$27.1 $70.6 
Derivative liabilities, net expected to be released from Other comprehensive income into earnings within the next 12 months:
Interest rate contracts$20.3 $9.7 
Foreign currency forward contracts1.0 8.9 
Total expected to be released from Other comprehensive income into earnings
$21.3 $18.6 
Schedule of Notional Amounts of Outstanding Derivative Positions
The notional values of derivative instruments designated for hedging held as of September 30, 2023 and 2022 are as follows:

 September 30, 2023September 30, 2022
(in millions)Notional ValueNotional Value
Derivatives designated as hedging instruments:
Interest rate contracts$2,000.0 $1,500.0 
Foreign currency forward contracts:
Foreign currency forward contracts to purchase Polish Zloty:
Local currencyzł156.1 zł— 
USD$34.0 $— 
Foreign currency forward contracts to purchase British Pound Sterling:
Local currency£168.0 £168.0 
USD$206.9 $207.3 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The Consolidated Income Statement effects of derivative instruments designated for hedging held for the fiscal years ended September 30, 2023 and 2022 are as follows:
(in millions)Income Statement LocationYear Ended September 30, 2023Year Ended September 30, 2022
Total amounts in income related to hedges
Interest rate contractsInterest income$(47.0)$2.4 
Foreign currency forward contractsCompensation and benefits2.3 — 
Total derivatives designated as hedging instruments$(44.7)$2.4 
Loss on cash flow hedging relationships:
Amount of gain reclassified from accumulated other comprehensive income into income as a result of a forecasted transaction that is no longer probable of occurring$— $— 
The following table sets forth the Company’s net gains/(losses) related to derivative financial instruments for the 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)202320222021
Commodities$446.5 $303.7 $207.8 
Foreign exchange269.2 174.4 116.3 
Interest rate, equities, and indices109.0 100.4 80.8 
TBA and forward settling securities
73.0 226.8 (6.3)
Net gains from derivative contracts$897.7 $805.3 $398.6 
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 fiscal years ended September 30, 2023 and 2022 are as follows:

Year Ended September 30, 2023
(in millions)Amount of Gain Recognized in Other Comprehensive Income on Derivatives, net of tax
Location of Gain 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$18.4 Interest Income$(47.0)
Foreign currency forward contracts16.7 Compensation and benefits2.3 
Total$35.1 $(44.7)

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