FX Week

B&C PLC Under Pressure To Sell Exco Unit FX Broker Noonan, Astley & Pearce On Block?


British & Commonwealth Holdings PLC, owners of Noonan, Astley & Pearce Inc. and other interdealer brokers, may have to sell its broking business because of the parent company's financial difficulties.

Technically, Noonan is owned by Exco International, which owns other brokers including Godsell, Astley & Pearce (Foreign Exchange) Ltd. and RMJ Securities Corp. in the U.S. In turn, Exco is owned by B&C.

Aside from being involved with interdealer brokers, B&C controls several other companies invo