The new stock exchange of India MCX-SX has launched trading on February 11, 2013. Microsign Technologies has released the Equity and Derivative versions of the back office accounting software for the members of MCX-SX in ‘iLedger Cloud’. All existing users of iLedger Cloud  have started processing their trade in the software.

The advantage with ‘iLedger Cloud’ is that it’s very cost effective. A broker does not have to incur capital investment in software. Taking full benefits of the cloud system, they can avail all facilities with a recurring usage fee for only required number of users.

Another striking factor is that iLedger Cloud is providing all the features of iLedger Enterprise without any additional fee. The customers can use CRM, third party integration with front end trading software, Depositories and banks etc, features for the same usage fee. The usage fee per User ID starts at Rs.500/user/month.

There is practically no activation time required for start processing in iLedger Cloud. Once a broker decides, he can start his operations in the system on the same day.