Intercontinental Exchange Earnings Rise on Mortgage Technology

·3 min read
Intercontinental Exchange Earnings Rise on Mortgage Technology

The exchanges have a great business model. Creating a competitor to the New York Stock Exchange is difficult, to say the least. Intercontinental Exchange (NYSE: ICE) just reported record earnings in the first quarter of 2021, but the surprising feature of the result was that the growth was coming from something that has nothing to do with stock trading.