Intercontinental Exchange operates a collection of financial exchanges and clearing houses, including the New York Stock Exchange, along with futures markets for energy, agricultural and financial products. Beyond running trading venues, ICE has built a large mortgage technology business, providing the software that mortgage lenders use to originate and process home loans, a business it expanded significantly through acquisitions. As an exchange operator, ICE earns transaction and clearing fees on trading volume, along with subscription fees for market data, giving it revenue streams that benefit from both higher trading activity and from growing demand for the data its markets generate. The combination of exchange operations and mortgage technology makes ICE somewhat unusual among exchange operators, diversifying its revenue beyond pure trading volume into a business tied to U.S. housing and mortgage origination activity.