OpenDoor names former Fidelity exec its CTO

OpenDoor Securities LLC, a Jersey City-based order book for U.S. Treasuries, has named a former Fidelity Capital Markets Technology executive as its chief technology officer, it announced.

OpenDoor said in a news release that Carson Wong will work closely with co-founder, CEO and President Susan Estes to drive the product vision and roadmap for the company.

“We are excited to welcome Carson to our senior leadership team as we continue to invest heavily in our information technology infrastructure,” Estes said in a prepared statement. “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.

“We are thrilled to have a leader of Carson’s caliber joining OpenDoor at such a pivotal time in our expansion.”

Wong had been senior vice president and chief information officer with Fidelity Capital Markets Technology, heading the firm’s U.S. trading technology division. He had previously worked at Lehman Bros.

“For the last few years, OpenDoor has carved out an important spot in the U.S. Treasury market, addressing both the technology and structural issues that this market has been facing for decades,” Wong said in a statement. “I’m excited to be joining the team during such a time of rapid growth for both the company and the industry.”

OpenDoor CTO Michael Sacks is retiring in April.