Volumes rose 27% on the previous quarter with US$8.99 billion principal traded in APAC for the quarter. This included records in Japan, Taiwan, Korea, and Indonesia.

Regional markets were impacted by a range of external events from market reactions to Brexit to an ongoing focus around central bank activity, including speculation of a rate increase from the US Federal Reserve.

“As today’s traders are forced to navigate challenging market conditions and rising volatility, they are increasingly turning to Liquidnet to help them get in and out of their positions with minimal market impact,” said Lee Porter, Head of Liquidnet Asia Pacific.

“In APAC, our Execution and Quantitative Services offering, which includes our Next Gen Algos and the trading desk, has seen principal traded increase 66% year on year,” Porter continued. “We will continue to add new products to empower buy-side Members and give them access to the trading solutions and depth of liquidity needed to trade effectively in Asia Pacific.”

Liquidnet also posted a record in Japan with volumes up 51% on the previous record quarter. Gucci Yamaguchi, Head of Liquidnet Japan, said, “Despite volumes being flat for the general market, our volumes continue to rise as our liquidity pool is seen as a primary destination to source liquidity on a trusted platform. Japan has achieved three consecutive record quarters supported by strong demand in Japan for Liquidnet’s Next Gen Algos, which help traders further source liquidity.”