Research preview

During China’s National Day holiday, millions of people flood high‑speed rail stations, airports and tourist sites. The same digital technologies that smooth ticketing and crowd control also generate massive, time‑sensitive data streams that can affect stock‑market order flow. For quantitative traders, understanding how these real‑world dynamics translate into order‑book mechanics is essential for managing execution risk. The Holiday‑Induced Spike in Market Activity The surge of travelers creates a predictable pattern of increased consumption, transportation earnings and tourism‑related revenues. Companies that own rail tickets, airline seats, hotel bookings or theme‑park admissions often see a short‑term lift in trading volume around the holiday....