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Assets and Liabilities, at Fair Value (Tables)
 9 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables set forth the Company’s financial and nonfinancial assets and liabilities accounted for at fair value, on a recurring basis, as of June 30, 2025 and September 30, 2024 by level in the fair value hierarchy. All fair value measurements were performed on a recurring basis as of June 30, 2025 and September 30, 2024.
 June 30, 2025
(in millions)Level 1Level 2Level 3Netting (1)Total
Assets:
Certificates of deposit $17.7 $— $— $— $17.7 
Money market mutual funds40.2 — — — 40.2 
Cash and cash equivalents57.9 — — — 57.9 
Commodities warehouse receipts13.4 — — — 13.4 
Securities and other assets segregated under federal and other regulations13.4 — — — 13.4 
U.S. Treasury obligations3,291.9 — — — 3,291.9 
U.S. government agency obligations— 99.4 — — 99.4 
To be announced and forward settling securities — 61.5 — (54.6)6.9 
Foreign government obligations20.1 — — — 20.1 
Derivatives2,666.5 2,686.8 — (5,521.0)(167.7)
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net5,978.5 2,847.7 — (5,575.6)3,250.6 
Receivables from clients, net - Derivatives96.8 529.2 — (607.8)18.2 
Equity securities 439.6 16.9 — — 456.5 
Corporate and municipal bonds— 474.2 — — 474.2 
U.S. Treasury obligations1,193.5 — — — 1,193.5 
U.S. government agency obligations— 346.6 — — 346.6 
Agency mortgage-backed obligations— 5,775.2 — — 5,775.2 
Asset-backed obligations— 362.8 — — 362.8 
Derivatives0.4 673.9 — (506.4)167.9 
Commodities warehouse receipts 134.2 — — — 134.2 
Exchange firm common stock 16.5 — — — 16.5 
Cash flow hedges— 17.3 — — 17.3 
Mutual funds and other27.1 — 2.1 — 29.2 
Financial instruments owned1,811.3 7,666.9 2.1 (506.4)8,973.9 
Physical commodities inventory216.0 181.0 — — 397.0 
Total assets at fair value$8,173.9 $11,224.8 $2.1 $(6,689.8)$12,711.0 
Liabilities:
Accounts payable and other accrued liabilities$— $— $2.6 $— $2.6 
Payables to clients - Derivatives2,616.4 365.0 — (3,084.9)(103.5)
To be announced and forward settling securities — 118.3 — (53.7)64.6 
Derivatives189.7 2,679.7 — (3,068.2)(198.8)
Payable to broker-dealers, clearing organizations and counterparties189.7 2,798.0 — (3,121.9)(134.2)
Equity securities 425.0 5.2 — — 430.2 
Corporate and municipal bonds— 268.5 — — 268.5 
U.S. Treasury obligations2,791.6 — — — 2,791.6 
Agency mortgage-backed obligations— 7.0 — — 7.0 
Asset-backed obligations— 0.7 — — 0.7 
Derivatives4.5 656.0 — (452.8)207.7 
Other— 1.0 1.0 — 2.0 
Financial instruments sold, not yet purchased3,221.1 938.4 1.0 (452.8)3,707.7 
Total liabilities at fair value $6,027.2 $4,101.4 $3.6 $(6,659.6)$3,472.6 
(1)Represents cash collateral and the impact of netting across each level of the fair value hierarchy.
 September 30, 2024
(in millions)Level 1Level 2Level 3Netting (1)Total
Assets:
Certificates of deposit $13.9 $— $— $— $13.9 
Money market mutual funds35.3 — — — 35.3 
Cash and cash equivalents49.2 — — — 49.2 
Commodities warehouse receipts51.8 — — — 51.8 
Securities and other assets segregated under federal and other regulations51.8 — — — 51.8 
U.S. Treasury obligations2,933.2 — — — 2,933.2 
To be announced and forward settling securities — 26.1 — (18.3)7.8 
Foreign government obligations18.3 — — — 18.3 
Derivatives3,900.1 2,168.2 — (5,740.1)328.2 
Deposits with and receivables from broker-dealers, clearing organizations and counterparties, net6,851.6 2,194.3 — (5,758.4)3,287.5 
Receivables from clients, net - Derivatives22.4 506.2 — (537.0)(8.4)
Equity securities 363.9 15.0 — — 378.9 
Corporate and municipal bonds— 322.1 — — 322.1 
U.S. Treasury obligations1,088.6 — — — 1,088.6 
U.S. government agency obligations— 531.0 — — 531.0 
Foreign government obligations41.4 — — — 41.4 
Agency mortgage-backed obligations— 3,837.2 — — 3,837.2 
Asset-backed obligations— 223.5 — — 223.5 
Derivatives0.1 603.2 — (375.2)228.1 
Commodities leases— — — — — 
Commodities warehouse receipts 67.8 — — — 67.8 
Exchange firm common stock 13.2 — — — 13.2 
Cash flow hedges— 9.6 — — 9.6 
Mutual funds and other23.6 — 2.1 — 25.7 
Financial instruments owned1,598.6 5,541.6 2.1 (375.2)6,767.1 
Physical commodities inventory207.6 169.0 — — 376.6 
Total assets at fair value$8,781.2 $8,411.1 $2.1 $(6,670.6)$10,523.8 
Liabilities:
Accounts payable and other accrued liabilities - contingent liabilities$— $— $2.3 $— $2.3 
Payables to clients - Derivatives3,577.1 228.9 (3,540.1)265.9 
TBA and forward settling securities — 24.4 — (22.9)1.5 
Derivatives378.0 2,356.4 — (2,737.3)(2.9)
Payable to broker-dealers, clearing organizations and counterparties378.0 2,380.8 — (2,760.2)(1.4)
Equity securities 219.8 5.0 — — 224.8 
Foreign government obligations41.0 — — — 41.0 
Corporate and municipal bonds— 154.6 — — 154.6 
U.S. Treasury obligations2,139.3 — — — 2,139.3 
U.S. government agency obligations— 0.2 — — 0.2 
Agency mortgage-backed obligations— 23.6 — — 23.6 
Asset-backed obligations— 3.9 — — 3.9 
Derivatives8.1 571.0 — (314.3)264.8 
Cash flow hedges— 0.2 — — 0.2 
Other— — 0.9 — 0.9 
Financial instruments sold, not yet purchased2,408.2 758.5 0.9 (314.3)2,853.3 
Total liabilities at fair value $6,363.3 $3,368.2 $3.2 $(6,614.6)$3,120.1 
(1)Represents cash collateral and the impact of netting across each level of the fair value hierarchy.