【Major Breaking News｜Truth API Officially Launched】
$100,000 per month! Truth Social, owned by former President Trump, has launched a high-speed data interface called Truth API, with targeted access granted to high-frequency trading institutions on Wall Street.
After institutions pay for the service, they can use it to prioritize access to Trump’s social posts with lower latency.
As is well known, Trump’s publicly released policy statements and business commentary often directly disrupt the U.S. stock market, commodities, and foreign-exchange movements. Even when the content is made publicly available simultaneously, the high-speed data feed plus automated trading programs are enough for paying clients to seize the trading edge first.
The event has sparked significant controversy. Several Democratic senators have already called on the SEC to intervene and investigate, questioning whether political influence is being used to sell privileged information and undermine market fairness.
$100,000 per month! Truth Social, owned by former President Trump, has launched a high-speed data interface called Truth API, with targeted access granted to high-frequency trading institutions on Wall Street.
After institutions pay for the service, they can use it to prioritize access to Trump’s social posts with lower latency.
As is well known, Trump’s publicly released policy statements and business commentary often directly disrupt the U.S. stock market, commodities, and foreign-exchange movements. Even when the content is made publicly available simultaneously, the high-speed data feed plus automated trading programs are enough for paying clients to seize the trading edge first.
The event has sparked significant controversy. Several Democratic senators have already called on the SEC to intervene and investigate, questioning whether political influence is being used to sell privileged information and undermine market fairness.
