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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
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
07/22/201509:00:00Driving Innovation in Healthcare: Private & Public Sector Leaders...
07/20/201509:15:00Pressures on Defined Benefit Plans Spur Plan Sponsors to Action
07/20/201507:29:00Marsh Names Don Bailey Head of Global Sales
07/14/201511:25:00Mercer Appoints Denise LaForte North American HR Transformation...
07/14/201509:48:00Jean Moore Joins Mercer from Towers Watson as North America Health...
07/13/201511:02:00Mercer Appoints David Mooney and Gary Hartnett to Key Leadership...
07/09/201510:11:00Mercer’s New App, Mercer Career View, Helps Employees Build S...
07/08/201509:57:00Mercer’s Pat Milligan to Discuss When Women Thrive, Businesses T...
07/07/201509:00:00Marsh & McLennan Agency Enters Canadian Market With Acquisition...
07/07/201509:00:00Marsh & McLennan Agency fait son entrée sur le marché canadien p...
07/01/201516:15:00Marsh & McLennan Companies to Hold Investor Call on July 28 to...
07/01/201513:40:00Marsh & McLennan Agency Acquires J.W. Terrill
07/01/201509:30:00Mercer Announces Leadership Changes in North America and European/Pacific...

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