As I am writing during Passover, this seems a perfect opportunity to note that one persons immoral may be another persons imperative (as can be attested to by my secular co-workers passionate desire for ham sandwiches right now), and perhaps if an activity isnt actually illegal, that we as adults have the ability to pass over opportunities which we find to be inappropriate.And unfortunately, I can vouch for the fact that there are Israeli employers in every industry willing to cheat you out of money or legally obligated benefits. Striking out an entire class of jobs will not protect people who are not capable of asking around for reviews of companies, or who are so desperate that they overlook red flags such as highly improbable earnings forecasts. NBN is not our parent, and they cannot save us from ourselvesNow lets consider whether it is necessary to remove Forex postings to make room for better jobs. First off, from my experience, the NBN Jobs in Israel typically has between 10-25 job postings per day. The list has a subscription of over 15,000 people. Many of these subscribers are like me, gainfully employed and not particularly engaged. Others have not yet made Aliyah, and merely want an idea of the potential job market. However, it is unlikely that the number of job postings the group provides is sufficient to support the jobseekers using NBN as a resource. Which calls into question any decision which reduces the number of listings, especially one that threatens to do so drastically.Furthermore, the beauty of a Facebook group is that there is no limit to how many job postings can be added. Forex and Binary Options jobs cannot somehow crowd out other positions. If you are too busy to scroll through the job listings for the last few days, perhaps your main concern should be time management, as opposed to demonstrating against Forex.Even worse, NBN themselves has placed people into jobs at Forex and Binary Options companies. I know of one individual who, after spending three years without work, was contacted by NBN about an opening with a Binary Options brokerage. He has now been a Sales Manager for over a year, earning above the average wage for Israel, no mean feat for someone lacking the more sought after job skills, such as programming or web development.I see this as an offshoot of the Chul mentality that there are things that we Jews do not deign to do. If you are not a professional, you are a failure. If you dont work in high tech, you are not one of us. In America, this attitude may work, and in fact, might seem necessary, given the cost of living a Jewish life in terms of extra food and educational expenses. Here in Israel, if the only thing that sets you apart is mother tongue English, it would behoove you to make use of that advantage by any means necessary. And if NBN wants to pay more than lip service to the idea that they care as much about Anglos staying in Israel as they do about bringing us over in the first place, perhaps its time they gave up the censorship and just helped us earn a living.Israel is well-known for its role in the technology industry, with hardware and software origination from the country found in products and websites of many of the largest companies of the world. Lesser known is Israels innovation in financial technology (fintech).However, this has more to do with examples with Israels RampD contributions to giants like Intel, Samsung and Microsoft muting smaller fintech achievements. Among the most notable fintech deals of companies originating from Israel were ICAPs purchase of Traiana in 2007 for 247 million, which also led to the British firm setting up a large portion of its RampD in Israel, and the IntercontinentalExchanges 350 million buyout of SuperDerivatives announced earlier this month.With fintech deals and venture investing leading the industry to become one of the hottest sectors in tech globally over the past year, interest in Israel is similarly rising. Two specific sectors where Israeli firms are being noted for their leading role in fintech innovation around the world are in the payments and online forex trading space. In regards to payments, Israel is becoming a leader in bitcoin and other alternative digital payment currencies, having one of the largest communities of bitcoin users in the world, as well as an emerging cryptocurrency related startup scene.While perhaps not viewed as a traditional fintech product, forex related technology businesses in Israel have become innovators within their sector. In general, the forex sector is often referred to as lagging when it comes to technology, especially when compared to other asset classes like stocks. However, this is more of a misnomer than the truth, as unlike other asset classes, the 5 trillion a day forex industry is by nature highly fragmented, with underlying aspects of its technology not comparing to that of stocks.In this regard, where forex is viewed as an innovator in technology is focused on areas of aggregating much of the fragmented data and liquidity into unified streams. This can be seen in the retail sector where social trading and copy trading in general offers a unified structure for traders to connect with different signal providers and trade leaders.In addition, when compared to stock brokerages, whose client bases tend to be regional, API access available from global facing online forex brokers tends to be much more advanced.
