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Quarterly Investor Update
Q2 · Apr to Jun 2026
Investor & Subscriber Newsletter  ·  July 2026

To our investors, partners, and subscribers,

Welcome to our second quarterly update for 2026! Last quarter, we said Q2 would be about turning what we had built into execution. Instead, it became something even more valuable: the quarter that showed us clearly what was working, what was not, and where our strategy truly stood.

This is a candid update. We completed what we set out to do, gained important insight from the results, and made a difficult but necessary decision about our path forward. As always, thank you for your continued belief in what we are building.

What We've Accomplished

Q2 was a heads-down quarter of deep, technical work. Here is the ground we covered.

01
KIBS V1 Optimization — Complete

The item we flagged as our top priority last quarter is finished. We ran the strategy through both genetic and full exhaustive optimization — buy side and sell side — across sixteen years of historical data. From there, we combined the strongest patterns into the final V1 build, completed walk-forward validation, and documented the results in a comprehensive performance report. We are pleased to announce that this phase is officially complete.

02
An Honest Verdict on V1 — and a Decision

The optimization gave us clarity we couldn't get any other way: V1's entry signals genuinely find real opportunities, but it trades them without any read on market context. The strategy will enter whether market conditions favor it or not. That is a real ceiling. Rather than deploy a system we already knew had a limit, we made the call to build the missing layer of context first. More on what that means below.

03
Market Zone Research (Layer 1) — Built & Delivered

We built a proprietary "Zone Fingerprint" scanner and ran it across roughly seven years of five-minute market data. Rather than make assumptions about market conditions, we used the data to identify the market's natural states and the points where its behavior changes. We then documented those findings in the Layer 1 foundation report. This work provides the foundation for the context layer we are now building.

04
Live Brokerage Account — Opened & Funded

We reopened our NinjaTrader brokerage account and configured it to trade Micro E-mini contracts. Trading micros keeps risk deliberately small while we build a verified track record. The path for going live is now in place and waiting.

Challenges & Blockers

We keep our investors fully informed on the wins and the obstacles alike. Here is where we honestly stand.

✓ Resolved
KIBS V1 Optimization — Now Complete

Last quarter this was our open, in-progress priority. It is finished — fully optimized, walk-forward tested, and documented. We now have a definitive baseline for exactly what V1 can and cannot do, which is precisely what we needed before committing real capital.

Timeline Adjusted
Live Relaunch — Deliberately Deferred

Last quarter we pointed to a Q2–Q3 relaunch of V1 to live trading. We are choosing to push that back. The optimization work made it clear that going live with a context-blind system would be trading for the sake of a deadline, not for performance. We would rather build the market-context layer now and relaunch with a materially stronger system than rush a version we already know has a ceiling. This is a decision, not a setback.

In Progress
The Context Layer — Under Active Build

With Layer 1 delivered and our market-state metrics now defined, we are building the engine that reads market conditions in real time and adapts risk accordingly. The early evidence is encouraging: the data consistently shows the difference between favorable and unfavorable conditions is exactly where the strategy's edge is won or lost. This is the work that carries into Q3.

What's Next

A high-level view of the path from research to a live, verified track record.

Now · July 2026
Build the Market-State Engine

Turn the Context Layer research into a working engine that classifies market conditions bar by bar. This is the missing piece that lets the strategy know not just where to enter, but when conditions actually favor it. This is our current priority.

Q3 2026 · July to September
Combine Proven Entries With Adaptive Risk

Keep V1's validated entry signals and layer the new market-context engine on top to govern risk and position management. We then back-test and walk-forward this against the V1 baseline to prove the upgrade earns its place.

Q3 – Q4 2026
Relaunch KIBS V1 in Live Markets

KIBS V1 will return to live trading, executing trades in real time with real capital. This phase will focus on monitoring performance, evaluating consistency, and understanding how the strategy responds to the updates we have made.

Q1 2027 & Beyond
Series 3 & 24 Licensing / Legal Structure

The regulatory and legal groundwork to formally manage outside capital: Series 3 and Series 24 licensing, and registration as a Commodity Trading Advisor (CTA) with the CFTC and NFA. Unchanged from our long-term plan.

"The faster we uncover what doesn't work, the sooner we find what does."

– Justin

This quarter was humbling and, at times, frustrating. We could have gone live by the deadline and called it progress. Instead, the work showed us where V1 falls short, and we chose to listen. Building the market-context layer before relaunching means identifying the weaknesses now, before they affect investor trust or put capital at unnecessary risk. That discipline is at the core of how we are building IGS.

Q1 was about building. Q2 was about proving. It confirmed that the strategy has a real edge, but also a clear limitation and gave us a path forward. Q3 is where we build the system designed to move beyond that limitation. Selena and I remain deeply grateful for your continued trust and patience as we take the time to do this the right way.

Thank you for being part of the IGS story. We'll continue to keep you informed.

Cheers,

Justin Leary
Founder & CEO
Selena Leary
CFO & COO
Q2 2026 · Investor Newsletter
igsglobal.net · Confidential