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Revenue from Contracts with Clients (Tables) | 3 Months Ended
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Dec. 31, 2020
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) | 2020 |  | 2019 |  |  |  |
Revenues from contracts with clients: |  |  |  |  |  |  |
Commission and clearing fees: |  |  |  |  |  |  |
Sales-based: |  |  |  |  |  |  |
Exchange-traded futures and options | $ | 46.3 |  |  | $ | 32.4 |  |  |  |  |
OTC derivative brokerage | 3.8 |  |  | 5.5 |  |  |  |  |
Equities and fixed income | 14.4 |  |  | 4.3 |  |  |  |  |
Mutual funds | 1.2 |  |  | 1.3 |  |  |  |  |
Insurance and annuity products | 2.3 |  |  | 2.1 |  |  |  |  |
Other | 0.2 |  |  | 0.3 |  |  |  |  |
Total sales-based commission | 68.2 |  |  | 45.9 |  |  |  |  |
Trailing: |  |  |  |  |  |  |
Mutual funds | 3.3 |  |  | 3.1 |  |  |  |  |
Insurance and annuity products | 3.9 |  |  | 3.7 |  |  |  |  |
Total trailing commission | 7.2 |  |  | 6.8 |  |  |  |  |
Clearing fees | 38.5 |  |  | 29.5 |  |  |  |  |
Trade conversion fees | 2.1 |  |  | 1.5 |  |  |  |  |
Other | 3.4 |  |  | 3.5 |  |  |  |  |
Total commission and clearing fees: | 119.4 |  |  | 87.2 |  |  |  |  |
Consulting, management, and account fees: |  |  |  |  |  |  |
Underwriting fees | 0.2 |  |  | 0.2 |  |  |  |  |
Asset management fees | 8.7 |  |  | 7.5 |  |  |  |  |
Advisory and consulting fees | 6.0 |  |  | 5.6 |  |  |  |  |
Sweep program fees | 0.8 |  |  | 4.0 |  |  |  |  |
Client account fees | 4.1 |  |  | 3.0 |  |  |  |  |
Other | 3.2 |  |  | 1.0 |  |  |  |  |
Total consulting, management, and account fees | 23.0 |  |  | 21.3 |  |  |  |  |
Total revenues from contracts with clients | $ | 142.4 |  |  | $ | 108.5 |  |  |  |  |
Method of revenue recognition: |  |  |  |  |  |  |
Point-in-time | $ | 119.7 |  |  | $ | 84.6 |  |  |  |  |
Time elapsed | 22.7 |  |  | 23.9 |  |  |  |  |
Total revenues from contracts with clients | 142.4 |  |  | 108.5 |  |  |  |  |
Other sources of revenues |  |  |  |  |  |  |
Physical precious metals trading | 8,408.9 |  |  | 10,658.0 |  |  |  |  |
Physical agricultural and energy product trading | 474.6 |  |  | 320.0 |  |  |  |  |
Principal gains, net | 203.4 |  |  | 112.5 |  |  |  |  |
Interest income | 21.2 |  |  | 46.0 |  |  |  |  |
Total revenues | $ | 9,250.5 |  |  | $ | 11,245.0 |  |  |  |  |
Primary geographic region: |  |  |  |  |  |  |
United States | $ | 758.9 |  |  | $ | 512.3 |  |  |  |  |
Europe | 172.4 |  |  | 111.6 |  |  |  |  |
South America | 14.6 |  |  | 15.2 |  |  |  |  |
Middle East and Asia | 8,302.0 |  |  | 10,605.5 |  |  |  |  |
Other | 2.6 |  |  | 0.4 |  |  |  |  |
Total revenues | $ | 9,250.5 |  |  | $ | 11,245.0 |  |  |  |  |

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