Trump Media to Launch Paid High-Speed Data Feed for Institutional Traders

President Donald Trump’s social media company, Trump Media & Technology Group, announced Thursday that it will begin selling a high-speed, real-time data feed of Truth Social posts next month. The service, referred to in company releases as both “Truth API” and “Truth PSI,” is designed to provide institutional clients and algorithmic trading firms with access to content from the platform’s highest-ranking accounts in milliseconds.

The company stated that the service is intended for firms that are highly sensitive to information delays, allowing them to react to market-moving news regarding stocks, bonds, and interest rates faster than the general public. While the company has not publicly disclosed the pricing for the service, it confirmed that customers have already been secured.

Targeting Market-Moving Information

The primary draw for the new data feed is the platform’s high-profile user base. President Trump maintains the largest following on Truth Social, with 12.9 million followers. He is followed in popularity by his eldest son, Donald Trump Jr., and his son Eric Trump.

The President frequently uses the platform to announce major policy decisions and musings, including statements regarding tariffs, immigration enforcement, and the conflict in Iran. These posts have historically caused sudden swings in global markets; for example, investor concerns regarding oil prices and potential Federal Reserve interest rate hikes have been linked to the President’s commentary on the Iran conflict. By providing this information to institutional traders in milliseconds, Trump Media aims to replace the need for users to monitor the platform manually.

Financial Context and Corporate Strategy

The launch of the data feed follows a period of significant financial volatility for Trump Media & Technology Group. Shares of the company have declined approximately 70% since the President took office last year, erasing roughly $6 billion in shareholder wealth. Kevin McGurn, the company’s interim chief executive officer, described the new venture as part of a “strategy to monetize proprietary assets.” In a statement, McGurn noted that he expects the product to “become a meaningful, ongoing source of revenue for the company, creating lasting value for shareholders.”

The company has recently sought to diversify its business interests beyond social media, expanding into cryptocurrency, financial services, and a merger deal involving a nuclear fusion company. His stake in Trump Media is currently held in a trust managed by Donald Trump Jr.

Ethics and Conflict of Interest Concerns

The decision to monetize access to the President’s posts has drawn criticism from ethics experts. Kathleen Clark, a professor at Washington University School of Law and an expert in government conflict-of-interest rules, characterized the move as an “improper exploitation of government power to enrich himself.”

While federal conflict-of-interest laws generally prohibit government officials from profiting from their positions, the President and Vice President are exempt from these specific provisions. However, Tyler Gellasch, a former Securities and Exchange Commission lawyer who runs the Healthy Markets Association, noted that the situation raises broader questions regarding the propriety of a government official monetizing the value of their own statements. Neither the Trump Organization nor Trump Media & Technology Group responded to questions regarding whether the new service specifically profits from the presidency or whether the President’s posts would be excluded from the feed.

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