How Wall Street’s Algorithmic Bots Profited from Trump’s Truth Social Platform Posts
President Trump’s truth social platform is providing stock market traders with ultra-fast access to content posted on its platform, and Wall Street has already entered the information game. Traders revealed that many large investment institutions have built automated systems to monitor truth social platforms, capture key keywords, and often execute trading operations, such as opening or canceling orders, within a very short period of time. The media's review of trading data shows that some traders are able to quickly seize the trading opportunities brought by the president's online speech. Data from data service provider DTN shows that within one minute of Trump’s two posts about Iran last month, investors completed more than 2 million stock transactions, and nearly 24 energy and industrial stocks fluctuated more than 2% as a result. Trump Media Technology Group (DJT) has launched a new product, Truth API, which allows institutions to obtain the president’s posts faster after paying. According to people familiar with the matter, the service is priced at US$100,000 per month; if the trading institution signs a multi-year long-term contract, the monthly fee can be reduced to US$60,000. This threshold makes it unaffordable for the large number of ordinary traders who closely follow the president’s social dynamics. The White House stated that relevant inquiries should be directed to Trump Media Technology Group. A spokesperson for the company responded: “The Truth API is designed to push content to everyone at the same time the post is made public, without obtaining information in advance.” According to people familiar with the matter, Trump Media Technology Group Chief Technology Officer Vladimir Nowachki, Chief Revenue Officer Paul Bremer, and Strategic Projects Director Mateusz Wagner have been negotiating with a number of trading institutions to promote this paid information push service. This information interface will provide data on the content published by the platform’s head account. President Trump’s account has the largest number of followers, about 13 million; several of his sons and Vice President J.D. Vance's account also has a large number of followers. A person familiar with the matter said that five high-frequency trading institutions have completed the signing. Such traders rely on fleeting differences in asset prices to profit, so rapid response is crucial. This is an area where being able to obtain data nanoseconds earlier than your competitors can provide a significant advantage. One nanosecond is roughly equivalent to the length of time it takes light to travel one foot. Eric Budish, a professor at the University of Chicago Booth School of Business, has long studied such trading institutions. He said that high-frequency trading companies seek competitive advantages in many ways, such as deploying servers in , New York Stock Exchange and other exchange host computer rooms; some institutions have placed their servers around Washington, D.C., to be as close as possible to the source of government economic data release.