Capital and Commodity market unlike other industries is 100% dependent on IT for all its operations. Since the launch of real-time trading by NSE in 1997, the investors all over cherished to get the trading screen in front of them. Within a decade rapid development of the IT infrastructure helped the trading community to participate in the real-time trading in their monitors. The other Exchanges in the Capital, Commodity and currency market followed the same track.

The first technology attempt in cloud model also came from NSE. They launched the trading system called ‘NOW’. Till then the brokers had the herculean task of procuring software’s, maintaining servers, deploying security systems and keeping sufficient band width. ‘NOW’ gave them the freedom to concentrate on trading and their risk rather than wasting time and money on the infrastructure. Currently there are many options for a broker to extend the trading platforms to their clients in the cloud model.

Although traders are familiar knowingly or unknowingly with the cloud model for trading, not everyone is aware of the benefits of cloud model for back-office. Back-office is the back bone of a broker. Year after year his data is stored in this and all business analysis is made from the reports derived from this data. Availability of the reports to the management, employees, and branches as well as for the customers is very crucial.

Microsign is the first and the only company to provide a cloud based back office for the Capital and Commodity market. Branded as ‘iLedger’, launched in 2005 gives the brokers of all exchanges and segments the freedom to operate back-office accounts without any IT infrastructure and at the same time enjoy the benefits of a full fledged IT setup. Above all it comes with a usage fee only and zero capital investment.

Worldwide users are recognizing the advantages of the cloud model and switching over to such applications. At this time when volumes of the markets have again gone down, its tough time for the brokers to sustain during this half of the cycle. Instead of spending on IT infrastructure, it would be a wise decision to cut cost and move to cloud based solutions for trading as well as for back office.