In order to be the first to see US President Trump's social media updates, Wall Street high-frequency trading agencies are not hesitating to pay huge sums of money. In the first earnings call held this week, McGann, acting CEO of Trump Media Technology Group, revealed that customers, mainly from more than 10 high-frequency trading institutions, have paid for a “real social” real-time data interface. According to a previous report by Xinhua News Agency, TMTG negotiated the sale of this data interface to Wall Street financial institutions in July, and plans to charge a monthly fee of 100,000 US dollars, so that these institutions can learn about posts posted by US President Trump and others on “real social” platforms a few milliseconds earlier than the public. According to the latest announced details, in addition to the standard subscription fee of up to $100,000 per month, the API also comes with a library of historical posts dating back to 2022 and supports round-the-clock operation, according to documents submitted by TMTG to the US Securities and Exchange Commission. McGann said, “The market would have fluctuated due to 'real social' posts. Truth API can provide a direct, authorized, and real-time subscription source for the most market-shaking 'real posts' on this platform, while driving our strategy to monetize our self-developed assets through high-margin and sustainable revenue streams.” Currently, US government regulators and congressional Democrats have criticized the service and asked the SEC to intervene in the investigation.

In order to be the first to see US President Trump's social media updates, Wall Street high-frequency trading agencies are not hesitating to pay huge sums of money. In the first earnings call held this week, McGann, acting CEO of Trump Media Technology Group, revealed that customers, mainly from more than 10 high-frequency trading institutions, have paid for a “real social” real-time data interface. According to a previous report by Xinhua News Agency, TMTG negotiated the sale of this data interface to Wall Street financial institutions in July, and plans to charge a monthly fee of 100,000 US dollars, so that these institutions can learn about posts posted by US President Trump and others on “real social” platforms a few milliseconds earlier than the public. According to the latest announced details, in addition to the standard subscription fee of up to $100,000 per month, the API also comes with a library of historical posts dating back to 2022 and supports round-the-clock operation, according to documents submitted by TMTG to the US Securities and Exchange Commission. McGann said, “The market would have fluctuated due to 'real social' posts. Truth API can provide a direct, authorized, and real-time subscription source for the most market-shaking 'real posts' on this platform, while driving our strategy to monetize our self-developed assets through high-margin and sustainable revenue streams.” Currently, US government regulators and congressional Democrats have criticized the service and asked the SEC to intervene in the investigation.