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Mercer Launches New Tool To Monitor FX Transaction Costs

LONDON -(Dow Jones)- U.K. consulting firm Mercer said Wednesday it has launched a new foreign exchange transaction cost monitoring service, designed to ensure institutional investors are aware of how much currency trades are costing. The firm, which is a subsidiary of Marsh & McLennan Cos. (MMC), said in a statement that the launch "reflects the growing interest that investors are paying to foreign exchange execution costs." This reflects a number of recent lawsuits against institutions who are alleged to have applied uncompetitive foreign exchange rates. Mercer added that the new tool allows the likes of pension funds to request reviews of all spot and forward currency transactions conducted at multiple trading locations to see how competitive these transactions have been. - By Jessica Mead, Dow Jones Newswires; 44 20 7842 9256; jessica.mead@dowjones.com; @djfxtrader

Stock News for Marsh Mclennan (MMC)
DateTimeHeadline
09/01/201512:01:00Jiff and Mercer Launch New Product Health Pathfinder by Mercer
08/26/201510:00:00GC Securities* Completes Catastrophe Bond Bosphorus Ltd. Series...
08/19/201505:37:00Jelf Group Confirms Offer Talks With Marsh -- Update
08/18/201516:57:05Statement of Changes in Beneficial Ownership (4)
08/18/201516:54:55Statement of Changes in Beneficial Ownership (4)
08/18/201516:53:08Statement of Changes in Beneficial Ownership (4)
08/14/201516:11:36Statement of Changes in Beneficial Ownership (4)
08/12/201516:42:29Statement of Changes in Beneficial Ownership (4)
08/12/201510:57:00One in three employees claim to have a job rather than a career...
08/07/201515:31:30Automatic Shelf Registration Statement of Securities of Well-known...
08/07/201509:00:00Marsh & McLennan Agency Acquires Tequesta Insurance Advisors
08/06/201509:00:00Marsh to Acquire Dovetail Insurance
08/03/201509:00:00Marsh & McLennan Agency Acquires Cline Wood Agency
07/31/201512:19:30Quarterly Report (10-q)
07/28/201516:37:29Correction to Marsh & McLennan Earnings Story
07/28/201508:50:15Marsh & McLennan's Profit Falls on Strong Dollar -- Update
07/28/201508:20:10Marsh & McLennan's Profit Falls
07/28/201508:14:33Marsh & McLennan's Profit Falls on Strong Dollar
07/28/201507:38:35Current Report Filing (8-k)
07/28/201507:00:00Marsh & McLennan Companies Reports Second Quarter 2015 Results

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