Truth Social, owned by Trump Media & Technology Group, will sell Wall Street firms quicker access to market-moving posts from President Donald Trump, the company said on Thursday.
Market Impact
The president’s posts frequently move markets, from stocks to oil. Trump Media announced the new data feed, known as an API, or application programming interface, will be available to institutional customers beginning on August 1.
Competing social networks also sell traders access to their APIs. The feed will license data from the top-ranking Truth Social accounts and deliver posts to customers ‘in milliseconds,’ the company said.
Wall Street trading desks use algorithms to scan for specific signals and execute trades automatically. Getting information even a few seconds faster can mean potentially massive profits for those algorithmic traders.
Original reporting: KTVZ (Central Oregon) — read the source article.
