OpenDoor Securities LLC, a Jersey City, NJ-based marketplace for illiquid US Treasuries, completed a $10m third investment round.
The company intends to use the funds to accelerate business expansion by hiring additional experienced sales and marketing executives and introducing a series of major enhancements to the award-winning platform.
Led by Susan Estes, CEO, President and Co-Founder, OpenDoor is a financial technology company providing institutional investors with tools to improve their execution quality in the most illiquid segments of the U.S. Treasury market: Off-the-run Treasuries and TIPS.
The company provides “SuperGrid”, a flexible interface that gives traders complete control over the issues, orders and trades they wish to see, selecting from the full set of off-the-runs (OFTRs) and TIPS for each matching session, and ClearView, an enhanced real-time indicative pricing curve which leverages its internal pricing models that track overall curve moves as well as on-the-run premia. Combined with its dealer and 3rd party feeds (representing over 15 independent pricing sources), ClearView gives clients a pre-trade insight into the true price drivers across the markets.
Opendoor has a client base that consists of central banks, pension funds, sovereign wealth funds, primary dealers, asset managers, hedge funds and trading firms.