Prop Firm Stocknet Institute Winds Down Operations

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

source: Stocknet Institute

The decision to close 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 efforts, the company emphasized its commitment to managing the shutdown ethically and responsibly.

As part of the transition process, Stocknet Institute has ceased acquiring new clients and has taken steps to facilitate the orderly closing of existing accounts. In addition, the firm has begun selling its proprietary trading technology intellectual property (IP) to ensure a structured exit from the proprietary trading market.