The parent company of Truth Social just launched Truth API, a service that provides a “direct, licensed, real-time feed of the platform’s most market-moving Truths,” according to Trump Media & Technology Group interim CEO Kevin McGurn. Basically, a handful of Wall Street traders are paying as much as $100,000 per month to get access to Donald Trump’s posts within milliseconds, as my colleague Matt Stieb explained:

That may not sound like a six-figure product to a normal person. But to high-frequency traders buying and selling at the fraction of a blink of an eye, it could be worth the investment. Trump makes news on Truth Social. And now a company he owns 41 percent of is selling that news to Wall Street so it can act on it before anyone else can. High-frequency traders need this data fast to be able to win a game where the first computer to get the new info in their algorithm wins. In the world of the HFT, “speed becomes the tiebreaker,” says trader Haim Bodek.

That may not sound like a six-figure product to a normal person. But to high-frequency traders buying and selling at the........

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