Financial heavyweights including Jump Trading, Susquehanna International Group, and Bloomberg are paying up to $100,000 monthly for the Truth API feed. The specialized mechanism delivers presidential statements roughly 50 milliseconds faster than the public Truth Social application. Trump Media maintains that the setup is an industry-standard offering driven by legitimate customer demand, having secured over 10 institutional clients by August. However, Democratic lawmakers are urging federal market regulators to step in and investigate the monetized access model.
Key points
High-frequency trading firms are utilizing millisecond advantages to trade immediately on…: High-frequency trading firms are utilizing millisecond advantages to trade immediately on market-moving presidential statements.
Democratic Senators Elizabeth Warren and Adam Schiff requested a Securities and Exchange…: Democratic Senators Elizabeth Warren and Adam Schiff requested a Securities and Exchange Commission investigation into potential securities law violations.
A federal lawsuit filed by press advocates seeks to block exclusive White House announcem…: A federal lawsuit filed by press advocates seeks to block exclusive White House announcements from appearing on Truth Social.
Sources checked by our analysis pipeline: 1
US President Donald Trump’s paid social media service, Truth API, has found customers, with Bloomberg and two high-frequency trading firms paying for faster access to his posts. The service costs financial institutions up to $100,000 a month.
Two sources with direct knowledge of the matter, cited by Reuters, said Susquehanna International Group and Jump Trading, both of which specialise in algorithmic and automated trading strategies, have also signed up for the service.
The deals give subscribers a timing advantage over people who monitor Trump’s posts on the app themselves.
The arrangement has raised concerns about the sale of faster access to statements by a sitting president, particularly because his posts can influence financial markets.
It also comes as Trump Media and Technology Group, the company behind Truth Social, faces legal challenges over the paid service and questions about the potential use of presidential communications for commercial gain.
How Truth API works
Trump Media and Technology Group announced the faster-access product in July, pitching it to trading firms and other financial institutions. The service is designed to deliver Trump’s posts more…
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