Wall Street Paying $100,000 for Early Access to Trump’s Market-Moving Posts
Trump Media & Technology Group (NASDAQ:DJT) is offering high-frequency traders early access—up to milliseconds ahead—to Donald Trump's market-moving posts on Truth Social via its new product called the 'Truth API.' The paid service, which launched in August 2026 after being first reported by Bloomberg in July, costs up to $100,000 per month and is marketed as a way for hedge funds to gain an edge before public release. Despite trailing revenue of just $3.7 million against a market cap near $2.7 billion, DJT saw its stock rise 22.94% in July following the API announcement. The offering has drawn legal scrutiny from former SEC official Renée Jones and prompted letters to the SEC from Senators Elizabeth Warren, Adam Schiff, and Chuck Schumer over potential violations of insider trading rules under U.S. securities law. TMTG defends its product as a legitimate access point for publicly available data but faces criticism that it exploits nonpublic timing advantages through privileged delivery channels. Industry insiders have expressed concern in private about the ethical implications, with one Wall Street executive calling the practice “insane” and noting fears of retaliation from the Trump administration. The company claims customers are already signing up though they remain unnamed.
Topics: Donald Trump high-frequency trading insider trading concerns regulatory scrutiny Truth API