CRA was retained by the Maple Group to analyze the potential competitive effects of combining the TMX Group, the Canadian Depository for Securities, and Alpha Trading Systems, a large alternative trading system in Canada. In addition to making submissions to the Competition Bureau, CRA’s experts also assisted counsel in their interactions with the Ontario Securities Commission. Regulators ultimately approved the transaction after Maple made certain commitments.
Antitrust implications of the build vs. buy playbook in the AI era
The rapid growth of artificial intelligence (AI) makes the build-versus-buy question particularly important. AI markets are evolving quickly, and firms must...