Liquidnet, the global institutional block trading network, saw record growth in its Asia-Pacific business during the first half of 2013 as threats of tapering prompted funds to allocate back into equities.

The company said this morning that the average daily value traded in its Asia-Pacific business for the first six months of the year reached $10.5 billion, representing a record growth rate of 27% for its business in the region compared with the year-ago period. The average size of a trade executed in the block-trading provider's Asia Pacific business -- which comprises 10 countries across the region -- stood at $1.25 million.