Said Steil: "In this particular case, the parts may be greater than the sum. There will be other players, particularly in the US, who would love to get their hands on pieces of the NYSE transatlantic franchise. "For example, the Intercontinental Exchange may be very interested in the life futures business, if CME is not interested. Nasdaq would be interested in the NYSE's US cash equities business and the Euronext's European equities business." Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchange operatoron Tuesday.