Intercontinental Exchange (ICE) and Black Knight have each filed responses to the Federal Trade Commission (FTC) challenge to their proposed merger. "Answer and Defenses" documents filed with the FTC on Monday by both companies assert that they have taken steps to address the "anticompetitive harm" that could arise from ICE's acquisition of Black Knight. Specifically, the documents claim that the FTC's complaint ignores Black Knight's agreement to divest its Empower loan origination system, as well as other products, to Constellation Web Solutions, conditional to the approval of the ICE-Black Knight merger. Even without the divestiture, Black Knight's response claims that the proposed transaction "would have no substantial anticompetitive effect on an industry characterized by dynamic competition and an influx of new entrants."