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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
03/23/201712:05:00Marsh & McLennan Companies to Hold Investor Call on April 27...
03/22/201710:17:00Mercer to Host 2017 M&A Ready Executive Development Program in...
03/21/201709:00:00Despite a bold agenda for change, business executives claim organizations...
03/15/201712:00:00Marsh & McLennan Companies Declares Quarterly Dividend
03/14/201716:26:20Statement of Changes in Beneficial Ownership (4)
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03/10/201718:20:57Statement of Changes in Beneficial Ownership (4)
03/08/201716:33:56Statement of Changes in Beneficial Ownership (4)
03/07/201716:25:06Statement of Changes in Beneficial Ownership (4)
03/06/201716:33:13Statement of Changes in Beneficial Ownership (4)
03/02/201716:31:07Statement of Changes in Beneficial Ownership (4)
03/02/201716:31:07Statement of Changes in Beneficial Ownership (4)
03/02/201716:28:55Statement of Changes in Beneficial Ownership (4)
03/02/201716:28:28Statement of Changes in Beneficial Ownership (4)
03/02/201716:27:11Statement of Changes in Beneficial Ownership (4)
03/02/201716:26:18Statement of Changes in Beneficial Ownership (4)
03/02/201716:24:57Statement of Changes in Beneficial Ownership (4)
03/02/201716:22:49Statement of Changes in Beneficial Ownership (4)
03/02/201716:18:59Statement of Changes in Beneficial Ownership (4)
03/02/201710:35:00Mercer Names Sheela Sukumaran as Technology Industry Leader

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