Lombard Institutional Brokerage, one of the nation's busiest discount brokerages, has started up an Internet-based service that allows customers to buy, sell, and manage investments on-line.

The service, called List for Lombard Internet Securities Trading, allows clients of the company to buy and sell stocks traded on major U.S. and foreign exchanges, receive real-time quotes, and access investment information and analytical tools - all through the Internet.

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