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Intercontinental Exchange Beefs Up Mortgage Operations By Buying Ellie Mae

Intercontinental Exchange Beefs Up Mortgage Operations By Buying Ellie Mae

Intercontinental Exchange (NYSE: ICE) added another piece to its mortgage business recently by buying Ellie Mae from private equity firm Thoma Bravo. While Intercontinental Exchange is known primarily for owning the New York Stock Exchange, it has been increasing its footprint in fixed-income trading and the mortgage business. Intercontinental Exchange sees the mortgage business as the fastest-growing part of its verticals, and the company now has an end-to-end offering in the space.