Trump Media launched Truth API on Saturday. Truth API sells early access to posts from prominent Truth Social users like President Donald Trump.
Trump Media and Technology Group's launched its new paid data service on Aug. 1, providing faster access to Truth Social posts from President Donald Trump and other top accounts on the platform. The new API is designed to give firms "a direct, licensed, real-time feed of the platform's most market-moving Truths.
Truth API launches on Aug. 1.
Trump Media wants to pull a page out of Flash Boys.
Sens. Elizabeth Warren and Adam Schiff asked the U.S. Securities and Exchange Commission to investigate Trump Media's plan to sell faster access to President Donald Trump's Truth Social posts. The Democratic lawmakers asked SEC Chair Paul Atkins to complete a legal analysis of the "Truth API" service, including laws that "prohibit insider trading and market manipulation.
Democratic senators Elizabeth Warren and Adam Schiff on Tuesday asked the U.S. securities regulator to probe whether Truth Social parent Trump Media's plan to sell early access to President Donald Trump's social media posts breaks the law, according to a letter reviewed by Reuters.
High-frequency trading firms are paying up to $100,000 a month for a direct API feed to President Trump's Truth Social posts, according to Wall Street Journal reporting discussed on CNBC Friday morning.
Plus, the U.S. gives the president more muscular military options as he considers expanding the Iran war, and we go inside Taco Bell's rush to contain cyclospora.
Financial markets run on speed, often pricing in geopolitical shifts fractions of a second before standard retail feeds register a headline. For high-frequency trading firms and quantitative hedge funds, paying a steep premium for a latency advantage can be a required cost of doing business.
As America's first family expands its business empire, it is turning to unconventional financial partners such as Yorkville Advisors.
His media company plans to sell quick access to the president's postings.
New service will let traders and investors pay for real-time feed of Truth Social posts.