Fonterra Dairy Co-Operative Group Limited, the world’s leading dairy exporter, needed improved price transparency, forward price information, and enhanced price risk management for customers. CRA designed and developed the electronic trading platform, GlobalDairyTrade (GDT), which includes both a public information site and a secure bidding site. The trading mechanism is based on sound economic and bidding theory, as well as extensive CRA experience in bidding mechanisms and market designs. CRA also has been the independent Trading Manager in charge of the trading events (starting with the first trading event in July 2008), in which customers from around the world participate in the twice-monthly trading events. New sellers have joined GDT making it a multi-seller, multi-buyer trading platform.