The U.S. Federal Trade Commission seek a preliminary injunction to stop the $11.7 billion acquisition of mortgage tech provider Black Knight by Intercontinental Exchange. The FTC wants more time to investigate acquisition – it is planning to begin review of combination on July 12. The investigation centers on Black Knight’s loan origination system and the potential reduction in competition if ICE completes the acquisition. Black Knight, a public company traded on the New York Stock Exchange under the BKI ticker, makes the popular Paragon MLS system.