Structural Overview
Legal Entity · United Kingdom
IB Systems Ltd
Trading Name
Market Identity · Not a Legal Entity
Sigma Capital
IP

Owned by IB Systems Ltd

Tech

Operated by IB Systems Ltd

Capital

Deployed by IB Systems Ltd

Banking

Held by IB Systems Ltd

Operational Functions

What IB Systems Ltd Does

Intellectual Property

IP Ownership

IB Systems Ltd owns all intellectual property associated with the Sigma Capital operation. This includes the Sigma-1 trading platform, the SigmaNN neural network models, proprietary quantitative strategies, backtesting engine, data pipelines, and all associated software and documentation.

No IP is held outside of IB Systems Ltd. All development work, whether historical or ongoing, is conducted within and for the company.

Technology

Platform Operations

IB Systems Ltd is responsible for the operation, maintenance, and ongoing development of the Sigma-1 trading platform. This encompasses the execution engine and FIX 4.4 connectivity, the neural network inference pipeline, data infrastructure (Bronze–Silver–Gold medallion architecture), cloud deployment on Azure UK South, and all monitoring and control systems.

All technology decisions, infrastructure agreements, and vendor relationships are managed by IB Systems Ltd.

Finance

Banking & Accounts

IB Systems Ltd holds the operating bank account through which all financial activity is managed. This includes infrastructure costs, platform running expenses, broker fees, and any other operational expenditure.

All financial flows are consolidated through IB Systems Ltd, providing a single point of financial oversight and accountability.

Capital

Proprietary Capital

IB Systems Ltd deploys its own proprietary capital in live markets under the Sigma Capital trading name. The company acts as the principal in all trading activity — bearing full risk and retaining all returns.

There are no external investors or third-party capital commitments. Trading is conducted on a fully proprietary basis with capital held and controlled entirely by IB Systems Ltd.

Obligations & Responsibilities

Legal Responsibilities

As the sole legal entity, IB Systems Ltd carries all statutory obligations. The table below contrasts the legal obligations of IB Systems Ltd with the nature of the Sigma Capital trading name.

IB Systems Ltd (Legal Entity)
Sigma Capital (Trading Name)
Registered company in England & Wales
No separate legal registration
Files annual accounts and confirmation statements
No independent filing obligations
Holds all contracts, agreements, and licences
Cannot enter contracts in its own right
Responsible for tax obligations and compliance
No independent tax obligations
Employs or engages all personnel and contractors
No employment or contractor relationships
Holds broking and trading relationships
Market-facing identity only
Summary

Single Entity. Complete Control.

The IB Systems Ltd structure is deliberately straightforward. One UK registered company owns everything, operates everything, and is accountable for everything. The Sigma Capital name exists to give the trading operation a clear market identity — but every legal, financial, and operational fact sits with IB Systems Ltd.