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v3.22.1

Revenue from Contracts with Clients (Tables) | 6 Months Ended
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Mar. 31, 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.
| Three Months Ended March 31, |  | Six Months Ended March 31,
(in millions) | 2022 |  | 2021 |  | 2022 |  | 2021
Revenues from contracts with clients: |  |  |  |  |  |  |
Commission and clearing fees: |  |  |  |  |  |  |
Sales-based: |  |  |  |  |  |  |
Exchange-traded futures and options | $ | 57.7 |  |  | $ | 49.4 |  |  | $ | 102.3 |  |  | $ | 95.7 |
OTC derivative brokerage | 4.9 |  |  | 4.6 |  |  | 9.3 |  |  | 8.4 |
Equities and fixed income | 17.1 |  |  | 19.4 |  |  | 31.7 |  |  | 33.8 |
Mutual funds | 1.2 |  |  | 1.5 |  |  | 2.4 |  |  | 2.7 |
Insurance and annuity products | 2.4 |  |  | 2.3 |  |  | 5.2 |  |  | 4.6 |
Other | 0.9 |  |  | 0.1 |  |  | 1.7 |  |  | 0.3 |
Total sales-based commission | 84.2 |  |  | 77.3 |  |  | 152.6 |  |  | 145.5 |
Trailing: |  |  |  |  |  |  |
Mutual funds | 3.6 |  |  | 3.6 |  |  | 7.5 |  |  | 6.9 |
Insurance and annuity products | 4.2 |  |  | 4.2 |  |  | 8.6 |  |  | 8.1 |
Total trailing commission | 7.8 |  |  | 7.8 |  |  | 16.1 |  |  | 15.0 |
Clearing fees | 40.6 |  |  | 39.4 |  |  | 77.0 |  |  | 77.9 |
Trade conversion fees | 4.0 |  |  | 3.6 |  |  | 6.0 |  |  | 5.7 |
Other | 1.8 |  |  | 1.7 |  |  | 3.0 |  |  | 5.1 |
Total commission and clearing fees | 138.4 |  |  | 129.8 |  |  | 254.7 |  |  | 249.2 |
Consulting, management, and account fees: |  |  |  |  |  |  |
Underwriting fees | 0.1 |  |  | 0.2 |  |  | 0.3 |  |  | 0.4 |
Asset management fees | 11.4 |  |  | 9.3 |  |  | 22.0 |  |  | 18.0 |
Advisory and consulting fees | 7.5 |  |  | 6.6 |  |  | 15.0 |  |  | 12.6 |
Sweep program fees | 0.5 |  |  | 0.8 |  |  | 1.0 |  |  | 1.6
Client account fees | 4.3 |  |  | 3.8 |  |  | 8.0 |  |  | 7.9 |
Other | 1.6 |  |  | 1.4 |  |  | 3.2 |  |  | 4.6 |
Total consulting, management, and account fees | 25.4 |  |  | 22.1 |  |  | 49.5 |  |  | 45.1 |
Sales of physical commodities: |  |  |  |  |  |  |
Precious metals sales | 807.0 |  |  | 411.2 |  |  | 1,587.3 |  |  | 524.3 |
Total revenues from contracts with clients | $ | 970.8 |  |  | $ | 563.1 |  |  | $ | 1,891.5 |  |  | $ | 818.6 |
Method of revenue recognition: |  |  |  |  |  |  |
Point-in-time | $ | 943.6 |  |  | $ | 538.6 |  |  | $ | 1,837.4 |  |  | $ | 771.4 |
Time elapsed | 27.2 |  |  | 24.5 |  |  | 54.1 |  |  | 47.2 |
Total revenues from contracts with clients | 970.8 |  |  | 563.1 |  |  | 1,891.5 |  |  | 818.6 |
Other sources of revenues |  |  |  |  |  |  |
Physical precious metals trading | 14,211.3 |  |  | 9,884.5 |  |  | 26,526.6 |  |  | 18,180.3 |
Physical agricultural and energy product trading | 845.9 |  |  | 508.6 |  |  | 1,669.2 |  |  | 983.2 |
Principal gains, net | 323.5 |  |  | 265.2 |  |  | 574.6 |  |  | 468.6 |
Interest income | 31.2 |  |  | 23.4 |  |  | 62.2 |  |  | 44.6 |
Total revenues | $ | 16,382.7 |  |  | $ | 11,244.8 |  |  | $ | 30,724.1 |  |  | $ | 20,495.3 |
Total revenues by primary geographic region: |  |  |  |  |  |  |
United States | $ | 1,204.6 |  |  | $ | 853.6 |  |  | $ | 2,329.3 |  |  | $ | 1,612.5 |
Europe | 933.6 |  |  | 490.1 |  |  | 1,818.2 |  |  | 662.5 |
South America | 23.6 |  |  | 14.5 |  |  | 41.3 |  |  | 29.1 |
Middle East and Asia | 14,218.5 |  |  | 9,885.1 |  |  | 26,530.7 |  |  | 18,187.1 |
Other | 2.4 |  |  | 1.5 |  |  | 4.6 |  |  | 4.1 |
Total revenues | $ | 16,382.7 |  |  | $ | 11,244.8 |  |  | $ | 30,724.1 |  |  | $ | 20,495.3 |
Operating revenues by primary geographic region: |  |  |  |  |  |  |
United States | $ | 364.5 |  |  | $ | 349.7 |  |  | $ | 668.6 |  |  | $ | 635.9 |
Europe | 131.3 |  |  | 87.1 |  |  | 239.0 |  |  | 147.6 |
South America | 23.6 |  |  | 14.5 |  |  | 41.3 |  |  | 29.1 |
Middle East and Asia | 23.0 |  |  | 18.6 |  |  | 41.8 |  |  | 34.8 |
Other | 2.3 |  |  | 1.5 |  |  | 4.5 |  |  | 4.1 |
Total operating revenues | $ | 544.7 |  |  | $ | 471.4 |  |  | $ | 995.2 |  |  | $ | 851.5 |

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