CRA International, Inc. d/b/a Charles River Associates (CRA), is our independent GDT Events Trading Manager and conducts all the Trading Events. CRA is an economics, financial and management consulting services firm listed on the NASDAQ and based in Boston, USA.
The Auctions & Competitive Bidding Practice at CRA includes economists, market design and auction experts, engineers, business experts, and software developers. CRA is known globally for its specialist knowledge and expertise in the design of auctions and other trading systems. To further protect and maintain the integrity of GDT Events, CRA International must comply with the GDT Trading Event Rules regarding the conduct of each auction. An independent Trading Manager is vital to maintain the integrity of the GDT Events platform and the confidence of the global dairy market.
CRA’s auction design for GDT Events was developed to meet the needs of the commodity dairy industry to establish credible, reliable prices and market signals through an effective, transparent price discovery process. CRA continues to enhance the GDT Events platform, in addition to operating each Trading Event including handling enquiries during the trading events through its multi-lingual call centre.
CRA has combined the science and art of market design and transaction methods in over a dozen industries and over a dozen countries for a range of clients including small and large companies, cooperatives, trade associations, regulated utilities, and government agencies at all levels. Economics and business principles, along with analytical rigour and foundations in auction theory and game theory, are applied and tailored to the particular needs and objectives of the client and industry, creating value for both sellers and buyers. CRA’s platforms have been used for hundreds of successful auctions and trading events for single-seller multi-buyer, multi-seller single-buyer, and multi-seller multi-buyer marketplaces. CRA also advises bidders and other market participants.
Information on CRA can be found at www.crai.com and information about CRA’s Auctions & Competitive Bidding Practice can be found here www.auctions.crai.com