Trump's Social Media Launches 'Ultra-Fast Access' Service... High-Frequency Trading Firms Queue Up Despite $100,000 Monthly Fee

Wall Street firms are successively signing up for a paid service that allows users to receive U.S. President Donald Trump's social media posts faster than general users.

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, enabling them to be utilized for automated trading.

While it does not display posts before they are released to the general public, it allows data to be secured much faster than humans can check posts on the app.

The subscription fee is $100,000 per month, which is approximately 146 million won, and even with a long-term contract, it remains at the level of 88 million won per month.

Trump Media Group announced 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.

This involves algorithms capturing market-moving words such as "Iran" or "ceasefire" and executing trades immediately.

In fact, it was analyzed that just a month ago, 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 just a few milliseconds, how quickly they can secure President Trump's words has effectively become a key competitiveness.

However, controversies regarding fairness have also been raised over paying investors receiving the sitting president's remarks faster.

Democratic Senator Mark Warner criticized that exploiting the president's position to monetize information that impacts the market could undermine trust in the capital markets.

Trump Media Group rebutted that it does not provide posts in advance, but simply delivers the data the moment it is 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.