Trading

The Andy Frakenberger bio page image for the O'Neil Securities website.

Andy Frankenberger

Derivatives Sales Trader

The mail icon used for emailing our team members.The LinkedIn icon used in the biographies to view a team members page.

“Whether I'm trading equity derivatives orcompeting against the world's best poker players, my objective is the same:identify positive expected-value opportunities while managing risk underuncertainty.”

I joined O’Neil Securities to build and grow itsequity derivatives business. I look forward to partnering with institutionalclients and collaborating with the rest of the Options team to deliverdifferentiated trading solutions and exceptional client service.

Throughout my career as a market maker and riskmanager, I have developed expertise in identifying attractive tradingopportunities and helping clients navigate complex markets. I have partneredwith institutional investors to evaluate risk, source liquidity, and executederivatives transactions efficiently across a wide range of market environments.

Most recently, I worked at BNP Paribas, where Iserved as Head of Single Stock Options Flow Trading and then Head of ETF Options Flow Trading. As Head of Single Stock Options, I managed a team oftraders covering every major U.S. sector while personally making markets in thetechnology sector. As Head of ETF Options Flow Trading, I managed market makingand risk across equity, fixed income, credit, commodity, and emerging market ETFs.

I began my career at JPMorgan as an FX trader,with an expatriate assignment trading the Russian ruble in London and Moscow, before transitioning to the U.S. equity derivatives team, where I became an Executive Director trading listed options, OTC derivatives, and structured products.

I graduated magna cum laude from Duke University with a BA in Economics and Russian. My academic background and experiencetrading multiple asset classes and global markets have shaped the way I think about risk, communication, and client service.

Beyond trading, I spent several years competingas a professional poker player. I am a two-time World Series of Poker championand was named World Poker Tour Player of the Year in my first year playingprofessional poker. Although I was fairly new to poker, my edge came from yearsof experience making disciplined, time-pressured decisions with incomplete information as a trader.

In my free time, I enjoy spending time with myfamily, playing tennis, playing the piano, backgammon, and fantasy baseball.