Trump Media says Wall Street firms paying up to $100K for early access to Trump Truth Social posts
Trump Media is generating revenue by selling high-speed access to Truth Social posts via an API to high-frequency trading firms. This service allows traders to react to market-moving announcements from Donald Trump milliseconds faster than the general public, raising questions about market fairness.
Why it matters
The practice highlights the intersection of social media, political influence, and algorithmic trading, raising concerns about information asymmetry in financial markets.
Wall Street has begun to embrace Trump Media and Technology Group’s newest product: instant access to President Donald Trump’s Truth Social posts. Truth Social owner Trump Media, in its first-ever earnings call with analysts Monday evening, said it has signed more than 10 customer agreements, mostly with high-frequency trading companies. Trump Media said those customers are willing to pay between $60,000 and $100,000 a month to gain access to the Truth Social data feed, known as an application programming interface (API). That direct link gives Wall Street a leg up over retail traders by delivering Truth Social posts split seconds faster than the public sees them. For high-frequency trading machines, milliseconds can mean serious money. Their algorithms look for signs that they should buy or sell, and by the time regular traders notice, it’s often too late to take advantage.
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