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Revenue from Contracts with Clients (Tables) | 12 Months Ended
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Sep. 30, 2022
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 (in millions):
| Year Ended September 30,
| 2022 |  | 2021 |  | 2020
Revenues from contracts with clients: |  |  |  |  |
Commission and clearing fees: |  |  |  |  |
Sales-based: |  |  |  |  |
Exchange-traded futures and options | $ | 210.7 |  |  | $ | 190.6 |  |  | $ | 143.7 |
OTC derivative brokerage | 16.8 |  |  | 15.9 |  |  | 19.7 |
Equities and fixed income | 62.9 |  |  | 60.5 |  |  | 39.9 |
Mutual funds | 4.1 |  |  | 5.5 |  |  | 5.2 |
Insurance and annuity products | 9.3 |  |  | 9.7 |  |  | 8.4 |
Other | 3.1 |  |  | 2.3 |  |  | 1.4 |
Total sales-based commission | 306.9 |  |  | 284.5 |  |  | 218.3 |
Trailing: |  |  |  |  |
Mutual funds | 14.1 |  |  | 14.5 |  |  | 12.9 |
Insurance and annuity products | 16.0 |  |  | 17.0 |  |  | 15.3 |
Total trailing commission | 30.1 |  |  | 31.5 |  |  | 28.2 |
Clearing fees | 153.2 |  |  | 150.9 |  |  | 139.0 |
Trade conversion fees | 11.5 |  |  | 11.2 |  |  | 8.9 |
Other | 6.2 |  |  | 9.1 |  |  | 9.2 |
Total commission and clearing fees | 507.9 |  |  | 487.2 |  |  | 403.6 |
Consulting, management, and account fees: |  |  |  |  |
Underwriting fees | 0.5 |  |  | 0.6 |  |  | 0.6 |
Asset management fees | 43.9 |  |  | 38.3 |  |  | 31.3 |
Advisory and consulting fees | 30.9 |  |  | 24.9 |  |  | 22.2 |
Sweep program fees | 13.1 |  |  | 3.0 |  |  | 9.5 |
Client account fees | 16.0 |  |  | 15.8 |  |  | 12.3 |
Other | 6.9 |  |  | 8.4 |  |  | 7.8 |
Total consulting, management, and account fees | 111.3 |  |  | 91.0 |  |  | 83.7 |
Sales of physical commodities: |  |  |  |  |
Precious metals retail sales | 2,988.3 |  |  | 1,541.3 |  |  | — |
Total revenues from contracts with clients | $ | 3,607.5 |  |  | $ | 2,119.5 |  |  | $ | 487.3 |
Method of revenue recognition: |  |  |  |  |
Point-in-time | $ | 3,489.5 |  |  | $ | 2,021.8 |  |  | $ | 396.1 |
Time elapsed | 118.0 |  |  | 97.7 |  |  | 91.2 |
Total revenues from contracts with clients | 3,607.5 |  |  | 2,119.5 |  |  | 487.3 |
Other sources of revenues |  |  |  |  |
Physical precious metals trading | 57,404.3 |  |  | 37,250.4 |  |  | 51,598.5 |
Physical agricultural and energy product trading | 3,660.0 |  |  | 2,169.9 |  |  | 1,300.7 |
Principal gains, net | 1,145.2 |  |  | 892.0 |  |  | 622.2 |
Interest income | 219.0 |  |  | 102.4 |  |  | 130.9 |
Total revenues | $ | 66,036.0 |  |  | $ | 42,534.2 |  |  | $ | 54,139.6 |
Schedule of Income and Expense | The following table indicates the relevant income and expense:
| Year Ended September 30,
(in millions) | 2022 |  | 2021 |  | 2020
Dividend income on long equity positions | $ | 142.3 |  |  | $ | 282.7 |  |  | $ | 77.0 |
Dividend expense on short equity positions | 134.0 |  |  | 281.3 |  |  | 76.6 |
Dividend income net of dividend expense reported within Principal Gains, net | $ | 8.3 |  |  | $ | 1.4 |  |  | $ | 0.4 |

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