SHK Online, the Internet arm of Sun Hung Kai & Co, is in talks to set up alliances with two overseas partners to bolster its real-time cross-border trading services, according to chief executive Douglas Chen Waihuen. The talks with Australia-based Barton Securities and Germany-based ConSors Discount Broker were aimed at extending SHK's trading services to Europe, Australia and New Zealand. 'The alliances are expected to be finalised in the next six months,' Mr Chen said. At present, SHK Online provides real-time online trading of US stocks by lining up with Nasdaq-listed Web Street Securities. Alliances would also be formed in other markets like Japan and Taiwan, Mr Chen said. However, the firm had yet to launch online trading of Hong Kong stocks, waiting until the stock exchange launches its AMS/3 - the automated system which allows Internet users direct access - this September. Mr Chen dismissed the zero-commission tactic rival brokers like KGI Asia use to compete in the market. 'It is not a 100-metre dash,' Mr Chen said. 'The measure can only build up a membership base but not a real business.' The firm preferred to compete on the grounds of the quality of its service and reputation, he said. The main revenue stream of SHK Online, launched in March, would lie in brokerage commissions, though the firm planned to provide other financial products.