OpenDoor, the provider of a continuous order book for less liquid US Treasuries, has named Carson Wong as Chief Technology Officer. OpenDoor's current CTO Michael Sacks will retire in April 2020.

Wong joins OpenDoor from Fidelity Capital Markets Technology, where he was most recently Senior Vice President and Chief Information Officer. In that role Wong headed the firm's US trading technology division, spearheading the execution of strategic initiatives in partnership with clients across business channels that included Equities Trading, Primes Services, Securities Finance, FX, and Fixed Income Trading.

"We are excited to welcome Carson to our senior leadership team as we continue to invest heavily in our information technology infrastructure," said Susan Estes, CEO, President and co-founder of OpenDoor. "Carson's ability to leverage his deep technical skills to achieve business goals is paramount to our future success as we advance our capabilities, building on our strong foundation to further enhance the speed, simplicity, and reliability of our platform."

"For the last few years, OpenDoor has carved out an important spot in the US Treasury market, addressing both the technology and structural issues that this market has been facing for decades," said Carson Wong, CTo of OpenDoor. "I'm excited to be joining the team during such a time of rapid growth for both the Company and the industry."

Referring to the retirement of current CTO, Michael Sacks, Estes added, "Michael has been an integral part of OpenDoor's success. His unwavering dedication and commitment to the Company and the platform established the foundation we will continue to build on in the years to come."

OpenDoor launched its continuous order book for off-the-run US Treasuries and TIPS on January 6 and the platform currently has over 70 buy-side firms along with dealers trading for their own accounts.