PARNASSUS/IBEX TECHNOLOGY COMPANY

The Parnassus/Ibex Technology Company has been engaged over the past twelve (12) years in the design, development, testing, and deployment of ultra-sophisticated, proprietary, market leading algorithmic trading systems that is called the Ibex System.

The Ibex System consists of a group of state-of-the-art algorithms. These algorithms are grouped under a set of hierarchical categories within a structured neural network. The neural network is part of our proprietary deep machine learning technology.

The Ibex neural network organizes very large aggregates of financial market data in real-time. The value of organizing very large aggregates of financial market data in real-time is that this type of organization allows sophisticated analytics of rapidly moving price activity in the G-10 marketplace. This type of analytics is especially valuable when the various G-10 currencies appear to be fluctuating in a seemingly incongruous pattern.

Each data module that is a subset of the aggregate financial market data is assigned a unique identifier by the Ibex neural network. This identifier is unique to the specific subset of the incoming market data. This is how the human brain works when it is engaged in solving a complex problem, by passing incoming queries to the human brain through various hierarchies of concepts and related questions that serve to identify a pattern that ultimately makes sense to the human mind.

By duplicating the functionality of the human mind, the Ibex technology substantially enhances the machine learning capabilities of the Ibex algorithm. This, in turn allows the Ibex algorithm to continually build and further develop on its self-learning capabilities.

There is no other algorithmic trading system in the market that approximates the technology of the Ibex system.