Nasdaq plans venture arm to invest in financial technology: sources

By Anna Irrera NEW YORK (Reuters) - Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. The amount Nasdaq would invest could not be learned, though one person described it as "modest" relative to its broader earnings and capital plans. Nasdaq generated $2.3 billion in net revenue last year.