High-Frequency Traders Pay $100,000 Monthly for Early Access to Trump's Posts
High-frequency trading firms are paying up to $100,000 per month for a low-latency API feed that delivers President Donald J. Trump’s Truth Social posts nanoseconds faster than public access. According to the Wall Street Journal and CNBC reports, traders view this as an essential cost of doing business rather than optional spending due to competitive pressures. The arrangement has raised concerns among lawmakers like Senators Mark Warner, Elizabeth Warren, and Chuck Schumer, who argue it may violate emoluments clause rules by allowing a sitting president to profit from his own communications. The service is provided through Trump Media & Technology Group (NASDAQ:DJT), which claims all posts are publicly available at the same time they reach paying clients. The speed of data delivery can significantly impact trading outcomes, as nanoseconds determine whether traders capture or miss market-moving opportunities tied to Trump’s statements on tariffs and other policies. Critics argue this creates an uneven playing field between Wall Street firms with early access and Main Street investors who receive the same information later.
Tickers: $DJT
Topics: emoluments clause high-frequency trading Trump Media & Technology Group (DJT) Truth Social