Fixed Income Future Leaders USA 2017

May 16 - 18, 2017

Westin Copley Place - Boston

+44 (0)207 368 9330

 Susan Estes
Susan Estes Co-founder, CEO & President OpenDoor Trading

Ms. Susan Estes is a chief executive with exceptional depth and understanding of the fixed income markets. She has over 30 years of experience trading U.S. Treasuries and related fixed-income products; the majority spent on starting, developing and managing domestic and international high-quality rates operations and related businesses for large financial institutions including Morgan Stanley and Deutsche Bank, as well as start-ups. Susan is a past member of the Treasury Borrowing Advisory Committee (TBAC), a Federal Advisory Committee. The TBAC meets quarterly with Treasury to provide advice on funding requirements and separately with the Federal Reserve Board of Governors to address topical market issues. Previously served as a Member of the Board of the Securities Industry and Financial Markets Association (SIFMA), a leading financial industry trade group whose mission is to promote effective and efficient regulation, facilitate more open, competitive, and efficient global capital markets. Formerly Chaired the Government and Agency Division of the Bond Market Association, now SIFMA.

Day 1- Wednesday May 17th 2017

1:40 PM Industry Perspective: TRACE for Treasuries- How can regulators work to improve transparency in the deepest, most liquid fixed income markets of the world?

  • Aligning transparency in corporate bonds and treasuries- What steps are being taken to improve transparency in the treasury space?
  • How are regulators going to use the new treasury data to help prevent future potential flash crashes?
  • Trade reporting for treasuries- Will this lead to further regulation on treasuries to prevent another flash crash?
  • Is corporate bonds and TRACE a suitable roadmap- What has been learned from transparency and reporting in other markets?
  • Is there potential to make Treasury TRACE data available for public disclosure and if so when?

On April 25th, OpenDoor launched an innovative trading platform specifically designed to reliquify off-the-run Treasuries and TIPS. The platform is all-to-all, session-based and anonymous. OpenDoor offers free access to the browser-based platform, and the blind platform ensures zero information leakage. The combination of these features offers traders and fiduciaries the perfect venue to enforce best execution protocols. In order to preserve existing dealer relationships as well as the post trade process, the end-user chooses the dealer it wishes to face for settlement and clearing. While dealers are encouraged to trade on the platform for their proprietary desks, their primary role is as your clearing agent.