This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

CRA International (CRA) Announces Significant Milestone On The GlobalDairyTrade Internet-Based Trading Platform

Stocks in this article: CRAI

  CRA International, Inc. d/b/a Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing  economic, financial, and management consulting services, today announced cumulative sales of US$10 billion on GlobalDairyTrade, the Internet-based trading platform for internationally-traded commodity dairy products.

Since July 2008, CRA has been the independent trading manager of GlobalDairyTrade, initially listing products for Fonterra, a leading global dairy company based in New Zealand. Other sellers have seen the advantages of this innovative trading platform and now include Amul (India), Arla Foods (Europe), DairyAmerica (US), and Murray Goulburn (Australia). Eurosérum (Europe) also recently announced it will offer products on GlobalDairyTrade.

“The GlobalDairyTrade platform was founded in 2008 on the principles of economics and auction theory to create a bold new marketplace trading platform for globally-traded dairy products,” said CRA's President and Chief Executive Officer  Paul Maleh. “The goal has been to create transparency, establish market prices, reveal credible market information, and promote liquidity in dairy trade—a win-win for both buyers and sellers and a model for many other markets. As the independent trading manager of GlobalDairyTrade, CRA is pleased to recognize the six current sellers and all other participants for their roles in revolutionizing the world dairy industry.”

Paul Grave, Director of GlobalDairyTrade, said, “GlobalDairyTrade is the world’s leading online marketplace open to all qualified buyers and sellers of internationally traded dairy products. This efficient trading process lowers transaction costs for buyers and sellers, helping them to manage price risk, gain better control of their product pricing and trading, and create value. GlobalDairyTrade is a leading price reference indicator for the products traded and has quickly taken center-stage in a vibrant, growing global dairy industry. We thank the team at CRA for its role in designing and independently managing the platform.”

GlobalDairyTrade is a wholly-owned subsidiary of Fonterra Cooperative Group Ltd, but operates separately with externally-audited independence protocols, and an independent Advisory Board comprising five representative bidders and five sellers. All auctions are run neutrally and independently by CRA as the trading manager. The auctions—also referred to as trading events—are conducted twice each month. Currently, more than 800 registered bidders participate in the trading events for products offered by six global sellers, including Fonterra.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs