DLJdirect Inc., the on-line brokerage service of Donaldson, Lufkin & Jenrette Inc., has begun providing stories from Dow Jones News Service to selected customers.
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The agreement is the first in which an on-line brokerage transmits news from Dow Jones' Newswires unit in real time, according to DLJdirect.
DLJdirect will have on-line investing stories sent to customers who maintain a minimum account balance of $100,000 or have accrued $1,000 of trading commissions during the preceding 12 months.
The brokerage will pay Dow Jones a fee for each customer who gets the stories.
As a preview, it will offer the service to all of its customers for 30 days.