Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments

Schedule of fair value of derivative instruments on a gross basis

(in thousands)		March 31, 2017				December 31, 2016
Derivatives Assets	Balance Sheet Classification	Fair Value		Notional		Fair Value		Notional
Equities futures	Receivables from broker dealers and clearing organizations	$	427	$	654,155	$	2,403	$	1,461,286
Commodity futures	Receivables from broker dealers and clearing organizations		(23,638)		5,612,720		13,964		3,918,778
Currency futures	Receivables from broker dealers and clearing organizations		12,902		3,219,766		1,591		3,264,093
Fixed income futures	Receivables from broker dealers and clearing organizations		(71)		3,609		31		5,730
Options	Financial instruments owned		266		9,876		141		6,844
Currency forwards	Financial instruments owned		1,756,179		165,982,871		1,147,261		94,192,414

Derivatives Liabilities	Balance Sheet Classification	Fair Value		Notional		Fair Value		Notional
Equities futures	Payables to broker dealers and clearing organizations	$	(1,632)	$	220,751	$	(43)	$	62,417
Commodity futures	Payables to broker dealers and clearing organizations		(3,091)		20,879,583		2,842		22,616,170
Currency futures	Payables to broker dealers and clearing organizations		(19)		1,713,567		(6,282)		1,137,908
Currency forwards	Financial instruments sold, not yet purchased		228		15,124		80		4,486
Interest rate swaps	Financial instruments sold, not yet purchased		1,792,466		169,531,047		1,009,038		85,874,684

Schedule of net gain from derivative instruments not designated as hedging instruments

	March 31,
(in thousands)	2017		2016
Futures	$	165,590	$	308,480
Currency forwards		(51,381)		(425)
Options		1		(74)
Interest rate swaps		—		2
	$	114,210	$	307,983