New Delhi: Bloomberg and two Wall Street trading firms have reportedly subscribed to a service offering faster access to the United States president, Donald Trump, Truth Social posts. The arrangement has raised concerns about market fairness and the commercial use of presidential communications.
Trump Media and Technology Group developed the service, known as Truth API, to deliver posts through a digital interface with minimal delays. Its subscribers can feed the information directly into automated systems that analyse market developments and execute trades.
Bloomberg, Susquehanna International Group and Jump Trading have signed up for the service, with subscriptions reportedly costing between $60,000 and $100,000 a month, Reuters reported. The companies declined to comment, while Trump Media disputed the report’s characterization of the arrangements.
How Truth API works
The service allows subscribers to receive Trump’s posts faster than they could by manually checking the platform. Trump Media officials have described the timing advantage as approximately 50 milliseconds.
High-frequency trading firms use algorithms to analyse news and execute transactions within fractions of a second. Presidential announcements about conflicts, sanctions or trade policy can move financial markets rapidly, making speed a potential competitive advantage.
Why the deal has raised concerns
Trump’s family trust owns 41 per cent of Trump Media, and the president is its sole beneficiary, according to the report. Donald Trump Jr is listed as the trust’s trustee, with voting and investment powers over its holdings.
In July, the democratic senators, Elizabeth Warren and Adam Schiff said they had asked the US securities and exchange commission (SEC) to investigate whether the service could violate securities laws. The SEC declined to comment, and no finding of wrongdoing has been established.
Intercept Media and the Freedom of the Press Foundation sued Trump in August, seeking to prevent the White House from publishing official government announcements exclusively on Truth Social while the paid service operates. The plaintiffs argue that the arrangement could restrict equal access to public information and raise constitutional concerns.
The lawsuit remains ongoing, with no final ruling reported. Trump Media has defended Truth API as an industry-standard product and said it has attracted significant demand.
What it means for financial markets
The service reportedly provides faster delivery of public posts rather than access to unpublished presidential decisions. However, even a brief delay can affect trading decisions when automated systems respond to market-sensitive announcements.
Ordinary investors may have less time to react than firms with faster data feeds and specialized technology. That doesn’t mean subscribers will make money, but it does raise the question of whether access to a president’s public statements should become a paid advantage in speed.
The controversy also underscores possible conflicts between political office and private business interests. The broader legal implications will depend on the facts found and the outcome of the ongoing proceedings.