Takanobu MIZUTA, Ph.D

English / Japanese

Now, I belong to SPARX Asset Management Co. Ltd. and I am a fund manager.
I am also a part-time lecturer of the Graduate School of Public Policy, The University of Tokyo.

1996, I was admitted to Japan Meteorological College.
2000, I was graduated from this College, and was admitted to Graduate School of Science, University of Tokyo.
2002, I took master degree of science. I belonged to STP (Solar Terrestrial Physics group) in Department of Earth and Planetary Science, University of Tokyo until March 2004. I studied the theory of space plasma physics.

2007, Chartered Member of the Security Analysts Association, Japan.
2009, Registered Management Consultant (by Ministry of Economy, Trade and Industry).
2014, I took Ph.D. degree of technology at Izumi Laboratory, Department of Systems Innovation, School of Engineering, the University of Tokyo.

Linkedin, Research Gate.

Google Scholar, SSRN.



-- Award --

2008, Most Excellent Paper Award of Finance by AI Metting by the Japanese Society for Artificial Intelligence.
2010, The Japanese Society for Artificial Intelligence Incentive Award 2010 (coauthor).
2012, The Japanese Society for Artificial Intelligence Incentive Award 2012.
2014, 3rd place award for the 2014 CIFEr Best Paper on IEEE Conference Computational Intelligence for Financial Engineering and Economics 2014, certificate



-- Refereed Original Papers --

- Mizuta, T., Kosugi, S., Kusumoto, T., Matsumoto, T., Izumi, Effects of Dark Pools on Financial Markets' Efficiency and Price-Discovery Function: An Investigation by Multi-Agent Simulations, Evolutionary and Institutional Economics Review, Vol. 12, Issue 2, pp.375-394, 2015.

- Mizuta, T., Kosugi, S., Kusumoto, T., Matsumoto, T., Izumi, K., Yagi, I., Yoshimura, S., Effects of Price Regulations and Dark Pools on Financial Market Stability: An Investigation by Multi-Agent Simulations, Intelligent Systems in Accounting, Finance and Management, Vol. 23, Issue 1-2, pp.97-120, 2016 (first published online: 2015).

- Mizuta, T., Izumi, K., Yagi, I., Yoshimura, S., Investigation of Price Variation Limits, Short Selling Regulation, and Uptick Rules and Their Optimal Design by Artificial Market Simulations, Electronics and Communications in Japan, Vol.98, Issue 7, pp.13-21, July, 2015.

- Mizuta, T., Izumi, K., Yagi, I., Yoshimura, S., Design of Financial Market Regulations against Large PriceFluctuations using by Artificial Market Simulations, Journal of Mathematical Finance, Scientific Research Publishing, Vol.3, No. 2A, pp.15-22, 2013.

- Wang, C., Izumi, K., Mizuta, T., and Yoshimura, S., Investigating the Impact of Trading Frequencies of Market Makers: a Multi-agent Simulation Approach, SICE Journal of Control, Measurement, and System Integration, Vol.6, No. 3, pp.216-220, 2013.

- Furuhata, M., Mizuta T., So J., Paired Evaluators Method to Track Concept Drift: An Application in Finance, Advances in Chance Discovery, Studies in Computational Intelligence, 2013, Volume 423, pp.127-141, 2013.

- Yagi, I., Mizuta, T., Izumi, K., A Study on the Market Impact of Short-Selling Regulation Using Artificial Markets, ADVANCES IN PRACTICAL MULTI-AGENT SYSTEMS Studies in Computational Intelligence, Volume, Vol. 325, pp.217-231, 2011.

- Yagi, I., Mizuta, T., Izumi, K., A Study on the Effectiveness of Short-selling Regulation using Artificial Markets, Evolutionary and Institutional Economics Review, Vol.7, No.1, pp.113-132, 2010.

- Mizuta, T., Kobayashi, S., Kato, T., Shimotsuma, T., How Good Is a Precise and Complex Quants Fund?, Securities Analysts Journal, (10), pp.72-81, 2008.

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- Mizuta, T. and M. Hoshino, New Non-stochastic Acceleration in Multi-component Plasmas, COSPAR COLLOQUIA SERIES., Vol. 16, Frontiers in Magnetospheric Plasma Physics, pp.261-264, 2005.

- Fujita, S., H. Nakata, M. Itonaga, A. Yoshikawa, and T. Mizuta, A numerical simulation of the Pi2 pulsations associated with the substorm current wedge, J. Geophys. Res., Vol. 107, No. A3, SMP 2, Mar, 2002.

- Mizuta, T. and M. Hoshino, Preferential acceleration of heavy ions in multi-component plasmas, Geophys. Res. Lett., Vol. 28, No 16, pp.3099-3102, Aug 15, 2001.

- Fujita, S., T. Mizuta, M. Itonaga, A. Yoshikawa, and H. Nakata, Propagation property of transient MHD impulses in the magnetosphere - ionosphere system: The 2D model of the Pi2 pulsation, Geophys. Res. Lett., Vol. 28, No 11, pp.2161-2164, Jun 1, 2001.



-- Refereed Conference Papers --

- Mizuta, T., Noritake, Y., Hayakawa, S., Izumi, K., Affecting Market Efficiency by Increasing Speed of Order Matching Systems on Financial Exchanges -- Investigation using Agent Based Model, IEEE Symposium Series on Computational Intelligence, Computational Intelligence for Financial Engineering and Economics (CIFEr), December 6-9, 2016, Athens.

- Yagi, I., Mizuta, T., Analysis of the Impact of Leveraged ETF Rebalancing Trades on the Underlying Asset Market Using Artificial Market Simulation, 12th Artificial Economics Conference, September 20-21, 2016, Rome, slideshare, slide(.pdf), paper(.pdf).

- Mizuta, T., Kosugi, S., Kusumoto, T., Matsumoto, W., Izumi, K., Yoshimura, S., Do Dark Pools Stabilize Markets and Reduce Market Impacts? -- Investigations using Multi-Agent Simulations --, IEEE, Computational Intelligence for Financial Engineering and Economics (CIFEr), pp.71-76, March 27-28, 2014, London, slideshare, slide(.pdf).

- Mizuta, T., Izumi, K., Yagi, I., Yoshimura, S., Regulations' Effectiveness for Market Turbulence by Large Erroneous Orders using Multi Agent Simulation, IEEE, Computational Intelligence for Financial Engineering and Economics (CIFEr), pp.138-143, March 27-28, 2014, London, slideshare, slide(.pdf).

- Mizuta, T., Hayakawa, S., Izumi, K., Yoshimura, S., Simulation Study on Effects of Tick Size Difference in Stock Markets Competition, The 8th International Workshop on Agent-based Approach in Economic and Social Complex Systems (AESCS 2013), September 11-13, 2013, Tokyo, paper(.pdf), slide(slideshare), slide(.pdf).

- Mizuta, T., Izumi, K., Yoshimura, S., Price Variation Limits and Financial Market Bubbles: Artificial Market Simulations with Agents' Learning Process, IEEE Symposium Series on Computational Intelligence, Computational Intelligence for Financial Engineering and Economics (CIFEr), pp.1-7, April 16-19, 2013, Singapore, slideshare, slide(.pdf).

- Yagi, I., Mizuta, T., Izumi, K., A study on the Reversal Mechanism for Large Stock Price Declines Using Artificial Market, IEEE Computational Intelligence for Financial Engineering and Economics (CIFEr), pp. 1-7, March 29-30, 2012, New York.

- Yagi, I., Mizuta, T., Izumi, K., A Study on the Effectiveness of Short-Selling Regulation in View of Regulation Period Using Artificial Markets, IEEE/ACIS 9th International Conference, Computer and Information Science (ICIS), pp. 169-174, August 18-20, 2010, Yamagata.

- Furuhata, M., Mizuta T., So J., Paired Evaluators Method to Track Concept Drift: An Application for Hedge Funds Operations, 5th International Workshop on Chance Discovery (IWCD10) , December 14, 2010, Sydney.

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- COSPAR Colloquium Frontiers of Magnetospheric Plasma Physics, July 24-26, 2002, Kanagawa.



-- Working Papers and etc --

- Mizuta, T., Izumi, K., Investigation of Frequent Batch Auctions using Agent Based Model, JPX Working Paper , Vol. 17, Japan Exchange Group, 2016, Summary(slideshare), Summary(.pdf).

- Mizuta, T., Micro-Foundation of ARCH Model, SSRN Working Paper Series, 2016, paper(.pdf).

- Mizuta, T., A Brief Review of recent Artificial Market Simulation (Multi-Agent Simulation) Studies for Financial Market Regulations and/or Rules, SSRN Working Paper Series, 2016, paper(.pdf).

- Mizuta, T., Noritake, Y., Hayakawa, S., Izumi, K., Impacts of Speedup of Market System on Price Formations using Artificial Market Simulations, JPX Working Paper , Vol. 9, Japan Exchange Group, 2015, Summary(slideshare), Summary(.pdf), paper(.pdf).

- Mizuta, T., Hayakawa, S., Izumi, K., Yoshimura, S., Investigation of Relationship between Tick Size and Trading Volume of Markets using Artificial Market Simulations, JPX Working Paper , Vol. 2, Japan Exchange Group, 2013, Summary(slideshare), Summary(.pdf), paper(.pdf).

- Mizuta, T., Kudo, I., Kobayashi, Y., A Portfolio of Japanese Equities Weighted by YKS Patent Values, SSRN Working Paper, 2009.

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- Mizuta, T., New wave heating process of heavy ions in multi-component plasmas, master thesis, University of Tokyo, 2002, paper(.pdf).