Mercer Enhances Tool for Monitoring FX Managers and Brokers

Mercer, a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), has announced that it has entered into an agreement with Abel Noser Solutions (ANS), to offer its Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Trade Cost Analysis (FX TCA) solution to support its European and Middle East clients in monitoring the activities of their custodian banks.

An increasing number of institutional investors employ Mercer Sentinel for regular custodian monitoring, and the FX TCA component forms a key part of this service. It can be very difficult to know whether a custodian is performing adequately, and the service addresses this directly by providing clear independent oversight.

The Mercer FX monitoring service will help investors understand if their custodians and investment managers have undertaken their currency trades at rates that are in line with or outside of reasonable tolerances. The service will be available either on a stand-alone basis or as part of Mercer’s full custodian monitoring service.

“The Mercer Sentinel monitoring service provides clear analysis and recommendations on how to address current excessive costs and prevent recurrence,” said John Elmore-Jones, European Director of Mercer Sentinel. “At Mercer, we are committed to giving our clients a competitive edge through access to the best research, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and advice. We believe that ANS’ high quality data analysis will enhance our existing offering and will prove invaluable to our clients so they know what hidden costs they are incurring.”

Mercer will use data from ANS’ Trade-Zoom™ software to measure the FX trading performance of its clients’ custodians, managers and associated brokers. The solution allows users to view both absolute and relative peer cost comparisons based on industry standard metrics.

“Mercer’s decision to use ANS’s solution reflects the quality of our offering and the reputation we’ve built as a pioneer in trade analytics,” said Ted Morgan, Chief Operating Officer of Abel Noser Solutions. “Foreign exchange, which is traded over-the-counter and largely unregulated, remains one of the least transparent financial markets. In the wake of regulatory bodies fining several banks for FX market manipulation, clients are increasingly scrutinizing trade analytics to ensure their custodial banks are acting in their best interests.”