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v3.21.1

Assets and Liabilities, at Fair Value (Tables) | 6 Months Ended
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Mar. 31, 2021
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The following table sets forth the Company’s financial and nonfinancial assets and liabilities accounted for at fair value, on a recurring basis, as of March 31, 2021 by level in the fair value hierarchy. Except as disclosed in Note 6, there were no assets or liabilities that were measured at fair value on a nonrecurring basis as of March 31, 2021.
| March 31, 2021
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Netting (1) |  | Total
Assets: |  |  |  |  |  |  |  |  |
Certificates of deposit | $ | 3.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3.6 |
Money market mutual funds | 12.8 |  |  | — |  |  | — |  |  | — |  |  | 12.8 |
Cash and cash equivalents | 16.4 |  |  | — |  |  | — |  |  | — |  |  | 16.4 |
Commodities warehouse receipts | 94.2 |  |  | — |  |  | — |  |  | — |  |  | 94.2 |
U.S. Treasury obligations | 8.3 |  |  | — |  |  | — |  |  | — |  |  | 8.3 |
Securities and other assets segregated under federal and other regulations | 102.5 |  |  | — |  |  | — |  |  | — |  |  | 102.5 |
U.S. Treasury obligations | 939.2 |  |  | — |  |  | — |  |  | — |  |  | 939.2 |
To be announced ("TBA") and forward settling securities | — |  |  | 54.9 |  |  | — |  |  | (3.8) |  |  | 51.1 |
Foreign government obligations | 8.0 |  |  | — |  |  | — |  |  | — |  |  | 8.0 |
Derivatives | 3,238.6 |  |  | 375.5 |  |  | — |  |  | (3,772.6) |  |  | (158.5) |
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net | 4,185.8 |  |  | 430.4 |  |  | — |  |  | (3,776.4) |  |  | 839.8 |
Receivables from clients - Derivatives | — |  |  | 334.8 |  |  |  |  | (333.8) |  |  | 1.0 |
Equity securities | 408.3 |  |  | 14.3 |  |  | — |  |  | — |  |  | 422.6 |
Corporate and municipal bonds | — |  |  | 71.2 |  |  | — |  |  | — |  |  | 71.2 |
U.S. Treasury obligations | 275.5 |  |  | — |  |  | — |  |  | — |  |  | 275.5 |
U.S. government agency obligations | — |  |  | 277.9 |  |  | — |  |  | — |  |  | 277.9 |
Foreign government obligations | 2.5 |  |  | — |  |  | — |  |  | — |  |  | 2.5 |
Agency mortgage-backed obligations | — |  |  | 1,552.2 |  |  | — |  |  | — |  |  | 1,552.2 |
Asset-backed obligations | — |  |  | 46.6 |  |  | — |  |  | — |  |  | 46.6 |
Derivatives | 0.6 |  |  | 617.6 |  |  | — |  |  | (417.4) |  |  | 200.8 |
Commodities leases | — |  |  | 23.0 |  |  | — |  |  | — |  |  | 23.0 |
Commodities warehouse receipts | 17.7 |  |  | — |  |  | — |  |  | — |  |  | 17.7 |
Exchange firm common stock | 12.3 |  |  | — |  |  | — |  |  | — |  |  | 12.3 |
Mutual funds and other | 10.8 |  |  | — |  |  | — |  |  | — |  |  | 10.8 |
Financial instruments owned | 727.7 |  |  | 2,602.8 |  |  | — |  |  | (417.4) |  |  | 2,913.1 |
Physical commodities inventory | 93.4 |  |  | 261.8 |  |  | — |  |  | — |  |  | 355.2 |
Total assets at fair value | $ | 5,125.8 |  |  | $ | 3,629.8 |  |  | $ | — |  |  | $ | (4,527.6) |  |  | $ | 4,228.0 |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and other accrued liabilities - contingent liabilities | $ | — |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 1.5 |
Payables to clients - Derivatives | 3,332.1 |  |  | 258.2 |  |  |  |  | (3,768.5) |  |  | (178.2) |
TBA and forward settling securities | — |  |  | 47.5 |  |  | — |  |  | (3.8) |  |  | 43.7 |
Derivatives | — |  |  | 235.3 |  |  | — |  |  | (235.3) |  |  | — |
Payable to broker-dealers, clearing organizations and counterparties | — |  |  | 282.8 |  |  | — |  |  | (239.1) |  |  | 43.7 |
Equity securities | 381.4 |  |  | 3.8 |  |  | — |  |  | — |  |  | 385.2 |
Corporate and municipal bonds | — |  |  | 44.8 |  |  | — |  |  | — |  |  | 44.8 |
U.S. Treasury obligations | 273.3 |  |  | — |  |  | — |  |  | — |  |  | 273.3 |
U.S. government agency obligations | — |  |  | 21.2 |  |  | — |  |  | — |  |  | 21.2 |
Agency mortgage-backed obligations | — |  |  | 2.4 |  |  | — |  |  | — |  |  | 2.4 |
Derivatives | — |  |  | 733.4 |  |  | — |  |  | (343.5) |  |  | 389.9 |
Commodities leases | — |  |  | 1.4 |  |  | — |  |  | — |  |  | 1.4 |
Financial instruments sold, not yet purchased | 654.7 |  |  | 807.0 |  |  | — |  |  | (343.5) |  |  | 1,118.2 |
Total liabilities at fair value | $ | 3,986.8 |  |  | $ | 1,348.0 |  |  | $ | 1.5 |  |  | $ | (4,351.1) |  |  | $ | 985.2 |
(1)Represents cash collateral and the impact of netting across the levels of the fair value hierarchy. Netting among positions classified within the same level is included in that level. The following table sets forth the Company’s financial and nonfinancial assets and liabilities accounted for at fair value, on a recurring basis, as of September 30, 2020 by level in the fair value hierarchy. Except as disclosed in Note 6, there were no assets or liabilities that were measured at fair value on a nonrecurring basis as of September 30, 2020.
| September 30, 2020
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Netting (1) |  | Total
Assets: |  |  |  |  |  |  |  |  |
Certificates of deposit | $ | 3.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3.2 |
Money market mutual funds | 12.8 |  |  | — |  |  | — |  |  | — |  |  | 12.8 |
Cash and cash equivalents | 16.0 |  |  | — |  |  | — |  |  | — |  |  | 16.0 |
Commodities warehouse receipts | 2.4 |  |  | — |  |  | — |  |  | — |  |  | 2.4 |
U.S. Treasury obligations | 0.2 |  |  | — |  |  | — |  |  | — |  |  | 0.2 |
Securities and other assets segregated under federal and other regulations | 2.6 |  |  | — |  |  | — |  |  | — |  |  | 2.6 |
U.S. Treasury obligations | 1,941.3 |  |  | — |  |  | — |  |  | — |  |  | 1,941.3 |
TBA and forward settling securities | — |  |  | 31.0 |  |  | — |  |  | (11.8) |  |  | 19.2 |
Foreign government obligations | 8.0 |  |  | — |  |  | — |  |  | — |  |  | 8.0 |
Derivatives | 1,949.0 |  |  | 395.8 |  |  | — |  |  | (2,537.5) |  |  | (192.7) |
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net | 3,898.3 |  |  | 426.8 |  |  | — |  |  | (2,549.3) |  |  | 1,775.8 |
Receivables from clients - Derivatives | — |  |  | 235.6 |  |  |  |  | (234.1) |  |  | 1.5 |
Equity securities | 254.9 |  |  | 9.4 |  |  | — |  |  | — |  |  | 264.3 |
Corporate and municipal bonds | — |  |  | 66.9 |  |  | — |  |  | — |  |  | 66.9 |
U.S. Treasury obligations | 419.9 |  |  | — |  |  | — |  |  | — |  |  | 419.9 |
U.S. government agency obligations | — |  |  | 293.4 |  |  | — |  |  | — |  |  | 293.4 |
Foreign government obligations | 2.5 |  |  | — |  |  | — |  |  | — |  |  | 2.5 |
Agency mortgage-backed obligations | — |  |  | 1,384.6 |  |  | — |  |  | — |  |  | 1,384.6 |
Asset-backed obligations | — |  |  | 33.0 |  |  | — |  |  | — |  |  | 33.0 |
Derivatives | 0.7 |  |  | 652.3 |  |  | — |  |  | (535.6) |  |  | 117.4 |
Commodities leases | — |  |  | 24.9 |  |  | — |  |  | — |  |  | 24.9 |
Commodities warehouse receipts | 103.2 |  |  | — |  |  | — |  |  | — |  |  | 103.2 |
Exchange firm common stock | 10.1 |  |  | — |  |  | — |  |  | — |  |  | 10.1 |
Mutual funds and other | 7.5 |  |  | — |  |  | — |  |  | — |  |  | 7.5 |
Financial instruments owned | 798.8 |  |  | 2,464.5 |  |  | — |  |  | (535.6) |  |  | 2,727.7 |
Physical commodities inventory | 26.8 |  |  | 188.9 |  |  | — |  |  | — |  |  | 215.7 |
Total assets at fair value | $ | 4,742.5 |  |  | $ | 3,315.8 |  |  | $ | — |  |  | $ | (3,319.0) |  |  | $ | 4,739.3 |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and other accrued liabilities - contingent liabilities | $ | — |  |  | $ | — |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | 1.5 |
Payables to clients - Derivatives | 2,000.8 |  |  | 176.4 |  |  |  |  | (2,399.9) |  |  | (222.7) |
TBA and forward settling securities | — |  |  | 22.0 |  |  | — |  |  | (11.8) |  |  | 10.2 |
Derivatives | — |  |  | 306.7 |  |  | — |  |  | (302.2) |  |  | 4.5 |
Payable to broker-dealers, clearing organizations and counterparties | — |  |  | 328.7 |  |  | — |  |  | (314.0) |  |  | 14.7 |
Equity securities | 218.0 |  |  | 14.9 |  |  | — |  |  | — |  |  | 232.9 |
Corporate and municipal bonds | — |  |  | 22.5 |  |  | — |  |  | — |  |  | 22.5 |
U.S. Treasury obligations | 247.5 |  |  | — |  |  | — |  |  | — |  |  | 247.5 |
U.S. government agency obligations | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Agency mortgage-backed obligations | — |  |  | 5.1 |  |  | — |  |  | — |  |  | 5.1 |
Derivatives | — |  |  | 563.6 |  |  | — |  |  | (386.8) |  |  | 176.8 |
Commodities leases | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 1.1 |
Financial instruments sold, not yet purchased | 465.5 |  |  | 607.3 |  |  | — |  |  | (386.8) |  |  | 686.0 |
Total liabilities at fair value | $ | 2,466.3 |  |  | $ | 1,112.4 |  |  | $ | 1.5 |  |  | $ | (3,100.7) |  |  | $ | 479.5 |
(1)Represents cash collateral and the impact of netting across the levels of the fair value hierarchy. Netting among positions classified within the same level is included in that level.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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