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Securities and Commodity Financing Transactions (Tables)
 6 Months Ended
Mar. 31, 2024
Broker-Dealer [Abstract]  
Schedule of Underlying Assets of Repurchase Agreements when Amount of Repurchase Agreements Exceeds 10 Percent of Assets
The following tables set forth the carrying value of repurchase agreements, and securities lending agreements by remaining contractual maturity (in millions):
March 31, 2024
Overnight and OpenLess than 30 Days30-90 DaysOver 90 DaysTotal
Securities sold under agreements to repurchase $10,183.8 $1,183.1 $610.6 $97.5 $12,075.0 
Securities loaned1,458.6 — — — 1,458.6 
Gross amount of secured financing$11,642.4 $1,183.1 $610.6 $97.5 $13,533.6 
September 30, 2023
Overnight and OpenLess than 30 Days30-90 DaysOver 90 DaysTotal
Securities sold under agreements to repurchase $8,300.0 $786.8 $107.0 $2.6 $9,196.4 
Securities loaned1,117.3 — — — 1,117.3 
Gross amount of secured financing$9,417.3 $786.8 $107.0 $2.6 $10,313.7 
Schedule of Financial Instruments Owned and Pledged as Collateral
The following table sets forth the carrying value of repurchase agreements and securities lending agreements by class of collateral pledged (in millions):
Securities sold under agreements to repurchase March 31, 2024September 30, 2023
U.S. Treasury obligations$9,017.4 $3,696.1 
U.S. government agency obligations99.1 542.2 
Asset-backed obligations40.9 102.9 
Agency mortgage-backed obligations2,302.5 4,371.6 
Foreign government obligations318.2 148.1 
Corporate bonds296.9 335.5 
Total securities sold under agreement to repurchase$12,075.0 $9,196.4 
Securities loaned
Equity securities $1,458.6 $1,117.3 
Total securities loaned1,458.6 1,117.3 
Gross amount of secured financing$13,533.6 $10,313.7 
The following tables provide the netting of securities purchased under agreements to resell, securities sold under agreements to repurchase, securities borrowed and securities loaned as of the periods indicated (in millions):
March 31, 2024
Offsetting of collateralized transactions:Gross Amounts RecognizedAmounts Offset in the Condensed Consolidated Balance Sheet Net Amounts Presented in the Condensed Consolidated Balance Sheet
Securities purchased under agreements to resell$9,807.9 $(6,063.3)$3,744.6 
Securities borrowed$1,430.6 $— $1,430.6 
Securities sold under agreements to repurchase$12,075.0 $(6,063.3)$6,011.7 
Securities loaned$1,458.6 $— $1,458.6 
September 30, 2023
Offsetting of collateralized transactions:Gross Amounts RecognizedAmounts Offset in the Condensed Consolidated Balance Sheet Net Amounts Presented in the Condensed Consolidated Balance Sheet
Securities purchased under agreements to resell$7,649.3 $(4,669.8)$2,979.5 
Securities borrowed$1,129.1 $— $1,129.1 
Securities sold under agreements to repurchase$9,196.4 $(4,669.8)$4,526.6 
Securities loaned$1,117.3 $— $1,117.3 
Schedule of Carrying Value of Collateral Pledged, Received and Repledged
The following table sets forth the carrying value, which approximates fair value because of its short term nature, of collateral pledged, received and repledged (in millions):
March 31, 2024September 30, 2023
Securities pledged or repledged to cover collateral requirements for tri-party arrangements$5,827.0 $4,726.6 
Securities received as collateral that may be repledged$14,131.4 $9,180.1 
Securities received as collateral that may be repledged covering securities sold short$2,563.7 $2,461.1 
Repledged securities borrowed and client securities held under custodial clearing arrangements to collateralize securities loaned agreements$1,298.5 $1,097.3