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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
07/21/201617:05:00Marsh Appoints Martin South President, US and Canada Division
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07/12/201608:47:00Oliver Wyman presenta nuevo informe "Automotive Manager" sobre...
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07/06/201609:15:00Dr. Lauren Stiroh Named Chair of NERA’s Global Antitrust and C...
06/28/201610:30:00Oliver Wyman Opens Actuarial Office in Dallas
06/27/201617:31:01Annual Report of Employee Stock Plans (11-k)
06/27/201617:27:58Annual Report of Employee Stock Plans (11-k)
06/23/201610:00:00Mercer Introduces Financial Wellness Solution with Expert Providers...
06/22/201609:00:00Continued Demand for Mobility in the Global Workforce Challenged...
06/21/201614:00:00Marsh & McLennan Companies to Hold Investor Call on July 28 to...
06/16/201611:00:00Oliver Wyman Health Innovation Center Announces New Leaders Alliance
06/15/201603:03:00Male CEOs Detail Their Work-Life Rules -- WSJ
06/12/201619:01:00Financial Services Industry Lagging in Unleashing Female Leadership...
06/08/201617:23:30Current Report Filing (8-k)
06/08/201617:00:00Maria Silvia Bastos Marques Resigns from Marsh & McLennan Companies’ B...
06/06/201609:00:00GC Securities* Completes Catastrophe Bond First Coast Re Ltd...

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