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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
03/27/201517:13:58Additional Proxy Soliciting Materials (definitive) (defa14a)
03/27/201517:10:52Proxy Statement (definitive) (def 14a)
03/25/201516:40:39Initial Statement of Beneficial Ownership (3)
03/20/201517:23:16Statement of Changes in Beneficial Ownership (4)
03/20/201507:30:00Marsh & McLennan Companies Names Ferdinand G. Jahnel Vice President...
03/19/201516:50:44Current Report Filing (8-k)
03/19/201515:15:00Marsh & McLennan Companies Names Maria Silvia Bastos Marques...
03/18/201511:30:00Marsh & McLennan Companies Declares Quarterly Dividend
03/17/201517:30:00Marsh & McLennan Companies Names Dina Shapiro Vice President...
03/08/201522:00:00The Conference Board and Mercer Announce Strategic Collaboration...
03/06/201512:49:54Current Report Filing (8-k)
03/04/201515:08:13Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/04/201510:00:00Mercerâs Latest Quality of Living Survey Finds San Francisco i...
03/03/201517:57:01Statement of Changes in Beneficial Ownership (4)
03/03/201517:56:02Statement of Changes in Beneficial Ownership (4)
03/03/201517:55:07Statement of Changes in Beneficial Ownership (4)
03/03/201517:54:46Statement of Changes in Beneficial Ownership (4)
03/03/201517:53:54Statement of Changes in Beneficial Ownership (4)
03/03/201517:53:31Statement of Changes in Beneficial Ownership (4)
03/03/201517:52:10Statement of Changes in Beneficial Ownership (4)

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