Wall Street firms pay up to $100,000 monthly for faster Trump posts
· Business · Times of India, Reuters
Three Wall Street firms have agreed to pay Truth Social up to $100,000 a month for faster access to Donald Trump's posts via the Truth API, as reported by Reuters. Bloomberg and two high-frequency trading firms, Susquehanna International Group and Jump Trading, are among the subscribers using the service. The 50-millisecond timing advantage allows automated trading systems to react quicker to presidential statements that can move markets. This arrangement raises concerns about commercial use of presidential communications and faces legal challenges from Trump Media and Technology Group.
Why it matters
Financial firms using automated trading gain a market timing edge from presidential posts, while the sale of faster access to a sitting president's communications raises regulatory and ethical concerns.
Read the original report — Times of India
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