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Revenue from Contracts with Clients (Tables) | 6 Months Ended
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Mar. 31, 2021
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 March 31, |  | Six Months Ended March 31,
(in millions) | 2021 |  | 2020 |  | 2021 |  | 2020
Revenues from contracts with clients: |  |  |  |  |  |  |
Commission and clearing fees: |  |  |  |  |  |  |
Sales-based: |  |  |  |  |  |  |
Exchange-traded futures and options | $ | 49.4 |  |  | $ | 40.1 |  |  | $ | 95.7 |  |  | $ | 72.5 |
OTC derivative brokerage | 4.6 |  |  | 6.7 |  |  | 8.4 |  |  | 12.2 |
Equities and fixed income | 19.4 |  |  | 7.1 |  |  | 33.8 |  |  | 11.4 |
Mutual funds | 1.5 |  |  | 1.6 |  |  | 2.7 |  |  | 2.9 |
Insurance and annuity products | 2.3 |  |  | 2.4 |  |  | 4.6 |  |  | 4.5 |
Other | 0.1 |  |  | 0.5 |  |  | 0.3 |  |  | 0.8 |
Total sales-based commission | 77.3 |  |  | 58.4 |  |  | 145.5 |  |  | 104.3 |
Trailing: |  |  |  |  |  |  |
Mutual funds | 3.6 |  |  | 3.5 |  |  | 6.9 |  |  | 6.6 |
Insurance and annuity products | 4.2 |  |  | 4.0 |  |  | 8.1 |  |  | 7.7 |
Total trailing commission | 7.8 |  |  | 7.5 |  |  | 15.0 |  |  | 14.3 |
Clearing fees | 39.4 |  |  | 41.6 |  |  | 77.9 |  |  | 71.1 |
Trade conversion fees | 3.6 |  |  | 4.2 |  |  | 5.7 |  |  | 5.7 |
Other | 1.7 |  |  | 4.9 |  |  | 5.1 |  |  | 8.4 |
Total commission and clearing fees: | 129.8 |  |  | 116.6 |  |  | 249.2 |  |  | 203.8 |
Consulting, management, and account fees: |  |  |  |  |  |  |
Underwriting fees | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.4 |
Asset management fees | 9.3 |  |  | 8.7 |  |  | 18.0 |  |  | 16.2 |
Advisory and consulting fees | 6.6 |  |  | 5.7 |  |  | 12.6 |  |  | 11.3 |
Sweep program fees | 0.8 |  |  | 3.6 |  |  | 1.6 |  |  | 7.6
Client account fees | 3.8 |  |  | 3.1 |  |  | 7.9 |  |  | 6.1 |
Other | 1.4 |  |  | 1.3 |  |  | 4.6 |  |  | 2.3 |
Total consulting, management, and account fees | 22.1 |  |  | 22.6 |  |  | 45.1 |  |  | 43.9 |
Total revenues from contracts with clients | $ | 151.9 |  |  | $ | 139.2 |  |  | $ | 294.3 |  |  | $ | 247.7 |
Method of revenue recognition: |  |  |  |  |  |  |
Point-in-time | $ | 127.4 |  |  | $ | 113.7 |  |  | $ | 247.1 |  |  | $ | 198.3 |
Time elapsed | 24.5 |  |  | 25.5 |  |  | 47.2 |  |  | 49.4 |
Total revenues from contracts with clients | 151.9 |  |  | 139.2 |  |  | 294.3 |  |  | 247.7 |
Other sources of revenues |  |  |  |  |  |  |
Physical precious metals trading | 10,295.7 |  |  | 19,694.7 |  |  | 18,704.6 |  |  | 30,352.7 |
Physical agricultural and energy product trading | 508.6 |  |  | 322.2 |  |  | 983.2 |  |  | 642.2 |
Principal gains, net | 265.2 |  |  | 168.5 |  |  | 468.6 |  |  | 281.0 |
Interest income | 23.4 |  |  | 41.7 |  |  | 44.6 |  |  | 87.7 |
Total revenues | $ | 11,244.8 |  |  | $ | 20,366.3 |  |  | $ | 20,495.3 |  |  | $ | 31,611.3 |
Primary geographic region: |  |  |  |  |  |  |
United States | $ | 853.6 |  |  | $ | 585.6 |  |  | $ | 1,612.5 |  |  | $ | 1,097.9 |
Europe | 490.1 |  |  | 150.0 |  |  | 662.5 |  |  | 261.6 |
South America | 14.5 |  |  | 16.3 |  |  | 29.1 |  |  | 31.5 |
Middle East and Asia | 9,885.1 |  |  | 19,613.3 |  |  | 18,187.1 |  |  | 30,218.8 |
Other | 1.5 |  |  | 1.1 |  |  | 4.1 |  |  | 1.5 |
Total revenues | $ | 11,244.8 |  |  | $ | 20,366.3 |  |  | $ | 20,495.3 |  |  | $ | 31,611.3 |

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