Wall Street Lines Up for USD 100K Monthly Subscription to Get Trump Posts Faster

Wall Street firms are increasingly signing up for a paid service that delivers U.S. President Donald Trump's social media posts faster than to the general public.

According to the Wall Street Journal and Reuters, Trump Media & Technology Group, which operates Truth Social, will launch the Truth API service on August 1.

The service delivers posts to computers in milliseconds as soon as they are uploaded to Truth Social, allowing them to be utilized for automated trading.

While it does not show posts before they are released to regular users, it secures data much faster than a human checking the posts on an app.

The subscription fee is USD 100,000 per month, which is approximately 146 million won, and even with a long-term contract, it costs around 88 million won monthly.

Trump Media Group stated that it has signed contracts with at least five high-frequency trading firms so far.

On Wall Street, artificial intelligence and automated systems are already being used to analyze President Trump's posts and utilize them for stock or crude oil futures trading.

The method involves algorithms detecting market-moving words such as "Iran" or "ceasefire" and executing trades instantly.

In fact, it was analyzed that just last month, immediately after President Trump posted about Iran, more than 2 million shares were traded within a minute, and over 20 energy and industrial stocks moved by more than 2%.

For high-frequency trading firms where profits are decided by a difference of a few milliseconds, how quickly they can secure President Trump's words has become a competitive edge.

However, controversies regarding fairness have also been raised over paying investors receiving the incumbent president's remarks more quickly.

Democratic Senator Mark Warner criticized that the president is monetizing information that affects the market by using his position, which could undermine trust in the capital markets.

Trump Media Group rebutted that it is not providing posts in advance, but simply delivering data the moment they are made public to everyone.

(Reported by Kim Minjeong | Video by Seo Byeong-wook | Graphics by Yook Do-hyun | Produced by SBS Digital News)
※ Please note: This article was translated by AI and may contain errors.