The NY Stock Exchange Is Worth More in Pieces

Today's deal is more about running the Big Board through the chopping block. It's sad to say, but the NYSE is worth much more sliced up than it's worth as a whole. ICE is most likely going to keep the NYSE's European derivatives business, NYSE Liffe, and jettison the rest in a combination of sales and spin offs, including the iconic "floor" of the exchange, to the highest bidder.