Intercontinental Exchange Buys AFX to Strengthen Index Business
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Intercontinental Exchange (ICE) has acquired American Financial Exchange (AFX) to enhance its index business and offer new products through its mortgage technology network.
January 09, 2025 | 6:30 pm
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Intercontinental Exchange has acquired American Financial Exchange to strengthen its index business and expand its product offerings in the mortgage technology sector.
The acquisition of AFX by ICE is a strategic move to bolster its index business and introduce innovative products in the mortgage technology space. This is likely to positively impact ICE's stock price in the short term as it aligns with growth and expansion strategies.
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