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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;; @djfxtrader

Stock News for Marsh Mclennan (MMC)
02/12/201616:29:34Annual Statement of Changes in Beneficial Ownership (5)
02/11/201613:58:52Schedule 13g<br /> (sc 13g/a)
02/10/201616:45:17Amended Statement of Ownership (sc 13g/a)
02/10/201614:06:40Amended Statement of Ownership (sc 13g/a)
02/04/201608:40:00Marsh & McLennan Revenue Growth Tops Expectations
02/04/201608:32:00Marsh & McLennan Revenue Growth Tops Expectations
02/04/201607:21:23Current Report Filing (8-k)
02/04/201607:00:00Marsh & McLennan Companies Reports Fourth Quarter and Full-Year...
02/01/201609:27:00Bonus Caps Impact Pay Mix More Than Total Pay as Banks and Insurers...
01/27/201609:25:00Failure to Build Talent Pipelines Threatens Women’s Workplace P...
01/27/201604:00:00Marsh Launches New Global Excess Cyber Risk Facility
01/26/201616:44:52Amended Statement of Ownership (sc 13g/a)
01/20/201616:07:00Top CEOs in Davos – Barclays, eBay, Cisco, Marriott, UBS, Mercer –...
01/20/201610:00:00Mercer MatchTM mobile platform helps employers find best performing...
01/20/201609:00:00Mercer and ConsejoSano launch first ever digital health care...
01/19/201623:13:00Servicios financieros modulares: la nueva forma de la industria
01/19/201619:05:00Modular Financial Services: The New Shape of the Industry
01/13/201611:50:00Marsh & McLennan Companies Declares Quarterly Dividend
01/12/201616:40:44Statement of Changes in Beneficial Ownership (4)

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