EU Enforcer Takes Tough Line On Automated Price-Fixing

Law360, New York (March 16, 2017, 5:57 PM EDT) -- The European Union's chief antitrust enforcer called Thursday for a crackdown on price-fixing rings run through automatic algorithms as the bloc unveiled a new system to allow whistleblowers to report cartels anonymously.

As more businesses use automated systems to monitor rivals' prices online and adjust rates, the European Commission and other competition authorities must watch out for cartels using that kind of technology to collude, Commissioner Margrethe Vestager said.

Vestager, who oversees the EU executive's competition work, cautioned that if companies use algorithms and the like...
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