Stocknet Institute Shuts Down Prop Trading Business

Stocknet Institute (SIWorld) has announced its decision to cease operations in prop trading, marking a strategic shift in its business direction. The institute confirmed the closure through official communication on social media platforms, citing a desire to pursue new opportunities aligned with its long-term vision.

The decision to wind down the prop trading business follows a comprehensive strategic review aimed at optimizing resource allocation and focusing on areas with greater growth potential. While Stocknet Institute did not disclose specific details about its future endeavors, the company emphasized its commitment to managing the closure ethically and responsibly.

As part of the transition process, Stocknet Institute has halted the acquisition of new clients and implemented measures to facilitate the orderly closure of existing accounts. Additionally, the company has initiated the sale of its proprietary trading technology intellectual property (IP), ensuring a structured exit from the proprietary trading market.