Institutional investors could soon be paying a hefty price for one thing: getting President Donald Trump’s social media posts a few milliseconds before everyone else.
According to a report by the Financial Times, Trump Media & Technology Group has discussed charging trading firms and institutional investors as much as $100,000 per month for access to a new Truth API service that delivers President Trump’s Truth Social posts in a machine-readable format with lower latency.
Why Milliseconds Matter
The proposed service is aimed at hedge funds, proprietary trading firms, and quantitative investors that rely on ultra-fast information to execute trades.
Although the timing advantage would reportedly amount to only milliseconds, that can make a significant difference in high-frequency trading, where algorithms automatically react to breaking news before broader markets have time to respond.
The API would operate around the clock, allowing automated trading systems to instantly process Trump’s public posts without waiting for updates to appear through standard channels.
Trump’s Posts Frequently Move Markets
President Trump has repeatedly showed his ability to influence financial markets through posts on Truth Social. Last year, shortly before his administration paused several tariffs, Trump wrote that it was “a great time to buy.” The S&P 500 subsequently surged about 9.5% in one of its strongest single-day rallies.
His posts have also affected individual companies after publicly praising firms such as Nvidia and Apple, while comments on geopolitical events, including tensions involving Iran, have triggered sharp moves in oil prices.
Because of that track record, market participants increasingly view Trump’s social media activity as market-moving information.
Wall Street Reacts
News of the proposed service has already sparked debate across financial markets.
According to the report, some hedge fund executives believe firms may feel pressured to subscribe simply to avoid falling behind competitors. One executive told the publication that if rivals receive market-moving information even milliseconds earlier, the competitive disadvantage could be significant.
