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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; [email protected]; @djfxtrader

Stock News for Marsh Mclennan (MMC)
DateTimeHeadline
01/17/201701:00:00“Right Place, Right Time” Study Shows Health Information Dis...
01/17/201701:00:00Financial Services Must Transform for Future Value
01/13/201711:00:00Marsh & McLennan Agency Acquires J. Smith Lanier & Co.
01/12/201717:03:26Current Report Filing (8-k)
01/12/201716:19:16Statement of Changes in Beneficial Ownership (4)
01/12/201709:06:23Current Report Filing (8-k)
01/12/201704:00:00NERA European Competition Economics Practice Expands In Paris
01/12/201704:00:00NERA développe son activité en économie de la concurrence à...
01/11/201716:11:30Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
01/11/201714:00:00Marsh & McLennan Companies Declares Quarterly Dividend
01/10/201713:34:28Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/10/201711:00:00Oliver Wyman Announces New Health Podcast
01/09/201720:57:00Oliver Wyman Reveals 2017 Retail Predictions in its Annual Journal
01/09/201717:05:00Marsh & McLennan Companies Announces Pricing of $1 Billion Senior...
01/09/201716:42:18Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
01/09/201708:27:53Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
01/05/201710:09:00Guy Carpenter Reports Moderating Reinsurance Pricing Decline...
01/05/201709:30:00Marsh & McLennan Companies to Hold Investor Call on February...
01/03/201717:05:14Initial Statement of Beneficial Ownership (3)
01/02/201704:08:00AXA to Make EUR82 Million Loss on Sale of UK Unit Bluefin to...

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