KX Capital Markets Summit 2025

ING and KX: Powering the next wave of AI in capital markets

In this fireside chat, KX's Michael Gilfix sits down with Kimiya Minoukadeh, Global Head of Quant Trading at ING, to discuss how the firm has transformed its trading and analytics landscape using KX.

In this fireside chat at the KX Capital Markets Summit in London, Kimiya Minoukadeh, Global Head of Quant Trading at ING, shares their multi-year transformation journey and how KX has become a core part of their trading, risk, and analytics ecosystem. They discuss how ING evolved from using kdb+ as a quant tool to embedding it across FX, fixed income, equities, sales, and risk—enabling real-time monitoring, deeper insights, and organization-wide data democratization.

The session explores how ING brought asset classes together on a unified data platform, how AI and reinforcement learning models dramatically improved FX pricing, and how traders themselves began engaging directly with data through KX dashboards and Q queries. They also highlight the cultural shift, infrastructure evolution, and stability gains needed to operate reliably in highly volatile markets.

Looking ahead, ING outlines the opportunities of agentic AI, natural language access to kdb+ data, and using unstructured data—from chat flows to alt data sets—to enhance trading and client insight. This conversation offers a rare inside look at how a global bank modernized its analytics, embraced AI, and laid the foundation for the next generation of data-driven decision-making using KX technology.

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