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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)
10/25/201608:08:00Marsh & McLennan's Consulting Arm Weighs on Quarterly Revenue
10/25/201607:39:19Current Report Filing (8-k)
10/25/201607:00:00Marsh & McLennan Companies Reports Third Quarter 2016 Results
10/20/201616:35:39Current Report Filing (8-k)
10/18/201609:38:00NERA Authors Contribute to The Handbook of Mortgage-Backed Securities...
10/17/201609:00:00Mercer Urges Employers to Lead Healthcare Transformation
10/11/201606:10:00Insurance Broker Aon Acquires Cyber-Risk Specialist Stroz Friedberg
10/10/201615:00:00Rich Drab Joins Marsh to Lead Dovetail Insurance
10/04/201617:03:00Oliver Wyman Announces the Release of a Comprehensive Fact Base...
10/04/201613:09:00Marsh & McLennan Agency Acquires Vero Insurance
09/28/201611:26:00CEO-to-Employee Pay Ratios Lower Than Expected, New Mercer Survey...
09/28/201610:30:00New Fiduciary Solution Designed to Help Companies and Employees...
09/27/201611:33:00Oliver Wyman Named to 2016 Working Mother “100 Best Companies”
09/27/201610:33:00Brian Marsella Joins Mercer as Partner, Health & Benefits, in...
09/26/201615:05:00Marsh & McLennan Companies to Hold Investor Call on October 25...
09/22/201616:26:42Initial Statement of Beneficial Ownership (3)
09/21/201616:30:01Current Report Filing (8-k)
09/21/201611:42:00Marsh & McLennan Companies Names Anthony K. Anderson to Board...
09/20/201610:12:00Oliver Wyman Joins the White House Call-to-Action for Private...
09/19/201613:10:00Healthcare From Consumer’s Perspective Is Only Option to Transform I...

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