Bloomberg and Major Trading Firms Sign Deals for Faster…
By Karthik Subramanian
AI summary of the source article
Bloomberg, Susquehanna International Group, and Jump Trading have reportedly subscribed to Trump Media's Truth API. The service costs between $60,000 and $100,000 monthly, providing institutional traders millisecond-faster access to Donald Trump's Truth Social posts.
Why it matters
The text states the agreements "illustrate the growing commercial value of political information in algorithmic financial markets, while raising unresolved questions about equitable access to presidential statements and the boundaries between public communication and privately monetized financial data."
Key facts
- Truth API delivers automated access to 10 Truth Social accounts roughly 50 milliseconds faster than standard notifications for $60,000 to $100,000 per month.
- Subscribers reportedly include Bloomberg, Susquehanna International Group, and Jump Trading.
- US Democratic senators requested an SEC review, and groups filed a lawsuit over the commercialization of presidential announcements.
Source excerpt · FinanceFeeds
Bloomberg, Susquehanna International Group and Jump Trading reportedly subscribe to Truth Social's premium data feed, offering millisecond-level access to market-moving presidential statements for up to $100,000 per month. Bloomberg and two major Wall Street trading firms have reportedly signed agreements with Trump Media & Technology Group to receive faster access to US President Donald Trump's T…