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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
05/21/201510:30:00Marsh & McLennan Companies Holds 2015 Shareholder Meeting
05/20/201517:02:19Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/18/201516:54:22Statement of Changes in Beneficial Ownership (4)
05/18/201516:53:30Statement of Changes in Beneficial Ownership (4)
05/18/201516:53:04Statement of Changes in Beneficial Ownership (4)
05/18/201516:51:46Statement of Changes in Beneficial Ownership (4)
05/18/201516:50:28Statement of Changes in Beneficial Ownership (4)
05/18/201509:00:00Marsh and FireEye Collaborate to Offer Cybersecurity Readiness...
05/15/201508:05:023 Best Stocks to Invest in Private Healthcare Insurance Exchanges
05/14/201516:00:00Marsh & McLennan Companies to Webcast 2015 Annual Meeting of...
05/08/201511:14:00John Cummings Joins Mercerâs Executive Rewards Practice in C...
05/07/201516:11:54Current Report Filing (8-k)
05/07/201511:18:00UBS Wealth Management Americas Partners with Mercer Investments...
05/07/201507:30:00Marsh & McLennan Appoints Peter Zaffino Chairman of Its Risk...
05/07/201504:00:00Marsh Acquires Sumitomo Life Insurance Agency America, Inc.
05/04/201515:07:02Quarterly Report (10-q)
05/04/201509:00:00Mercer Launches Tools to Help Employers Navigate the Complex...
05/01/201511:32:00Mercerâs Jonathan Gove Named Global Client Manager in New York
05/01/201510:52:45Marsh & McLennan Companies PT Raised to $59.00 (MMC)

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