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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
08/24/201619:30:00Elderly Healthcare in Asia Pacific Will Cost US$20 Trillion over...
08/24/201619:00:00Marsh & McLennan Companies Launches Asia Pacific Risk Center...
08/16/201616:27:24Statement of Changes in Beneficial Ownership (4)
08/16/201616:26:58Statement of Changes in Beneficial Ownership (4)
08/16/201616:26:02Statement of Changes in Beneficial Ownership (4)
08/16/201616:24:44Statement of Changes in Beneficial Ownership (4)
08/16/201616:23:25Statement of Changes in Beneficial Ownership (4)
08/08/201612:23:00CEO Compensation Declined in 2015, New Mercer Study Finds
08/04/201609:00:00Mercer and Accolade form alliance to set a new standard in consumer...
08/01/201616:48:53Quarterly Report (10-q)
07/28/201613:12:00Marsh & McLennan Cos. Reports Strong Second-Quarter Results
07/28/201607:20:35Current Report Filing (8-k)
07/28/201607:00:00Marsh & McLennan Companies Reports Second Quarter 2016 Results
07/21/201617:05:00Marsh Appoints Martin South President, US and Canada Division
07/21/201612:37:00New Oliver Wyman Wealth Management Report: Running Faster to...
07/18/201610:43:00Financial services firms increase focus on building sound risk...
07/14/201609:23:00オリバー・ワイマンが「オートモーティブ・マネジャー」最新号を発表
07/12/201608:47:00Oliver Wyman presenta nuevo informe "Automotive Manager" sobre...
07/12/201608:46:00Oliver Wyman divulga novo relatório Automotive Manager
07/11/201610:27:00Oliver Wyman Releases New Automotive Manager Report

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