In 1986, Rodney W. Dow, president of The Dow Corporation, founded Dow International Energy Corporation, an independent introducing broker (IB) firm.
By the early 1990’s, banks were becoming more involved with the commodity sector for trade finance and other related commercial services. Recognizing this shift as a significant new trend, the Dow IB negotiated its acquisition by Citicorp in July 1991, creating the first bank-owned FCM (Futures Commission Merchant) to clear non-financial physical commodity futures in the US.
In 1995, Mr. Dow left Citicorp and established The Dow Corporation, based on the premise that commodity futures clearing firms are not interchangeable. They differ from each other in ways that can significantly impact the customer’s experience and results.
He saw the value of matching each customer to the appropriate FCM to better accommodate the customer’s needs, which we can do by introducing each client account to one of our seven selected clearing firms.
At Dow, our discerning viewpoint on these differences presents the customer with the clearest solution for the best fit.