Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments

Schedule of fair value of derivative instruments on a gross basis

(in thousands)		2015				2014
Derivatives Assets	Balance Sheet Classification	Fair Value		Notional		Fair Value		Notional
Equities futures	Receivables from broker dealers and clearing organizations	$	(1,017)	$	617,398	$	241	$	561,029
Commodity futures	Receivables from broker dealers and clearing organizations		(8,431)		18,635,531		42,489		28,823,081
Currency futures	Receivables from broker dealers and clearing organizations		1,358		3,059,575		3,180		2,916,222
Treasury futures	Receivables from broker dealers and clearing organizations		30		232,473		504		857,363
Options	Financial instruments owned		168		24,453		321		39,802
Currency forwards	Financial instruments owned		795,435		69,614,513		1,629,637		127,021,198
Interest rate swaps	Financial instruments owned		311		82,010		—		—

Derivatives Liabilities	Balance Sheet Classification	Fair Value		Notional		Fair Value		Notional
Equities futures	Payables to broker dealers and clearing organizations	$	202	$	75,428	$	(268)	$	122,948
Commodity futures	Payables to broker dealers and clearing organizations		585		25,932		(295)		15,727
Currency futures	Payables to broker dealers and clearing organizations		(12,475)		2,570,005		(3,077)		2,123,341
Options	Financial instruments sold, not yet purchased		163		25,336		79		12,913
Currency forwards	Financial instruments sold, not yet purchased		746,014		71,019,047		1,645,820		125,152,639
Interest rate swaps	Financial instruments sold, not yet purchased		319		82,010		12		164,020

Schedule of gain from derivative instruments not designated as hedging instruments

	For the years ended
	December 31,
(in thousands)	2015		2014		2013
Futures	$	1,180,483	$	(78,234)	$	191,046
Currency forwards		(16,431)		(32,785)		(1,817)
Options		(1,784)		(987)		2,680
Interest rate swaps		4		(12)		—
	$	1,162,272	$	(112,018)	$	191,909