Susan Estes is the CEO and co-founder of OpenDoor Trading, with exceptional depth and understanding of the fixed income markets. She was the first woman to ever run a primary dealer and 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, which meets quarterly with the Treasury Department to provide advice on funding requirements and separately with the Federal Reserve Board of Governors to address topical market issues. Susan 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. She is also a former Chair of the Government and Agency Division of the Bond Market Association, now SIFMA.