> At least 5 Wall Street trading firms have signed up for Truth Social's $100,000 per month "Insider Trading Feed"

The new “Truth API” product from Trump Media & Technology will let firms pay for an even faster readout of the president’s posts. The company plans to charge $100,000 per month, or $60,000 per month if traders commit for years, according to people familiar with the matter. Those figures are out of reach for many everyday traders who follow the president’s social posts closely.

The White House referred comments to Trump Media. A spokesperson for the company said, “Truth API is designed to deliver posts the instant they are made public to everyone, not before.”

Among the firms that have already signed up are five high-frequency trading outfits, one of the people said. These traders often look to profit from fleeting differences in asset prices, making speedy response times crucial. In this business, getting to data nanoseconds faster than competitors can amount to a sizable advantage. A nanosecond is the time it takes for light to travel about one foot.

Some traders said the fast Truth Social feed will likely become a must-have technology in the industry and many firms will sign up to keep pace. “It’s a defensive cost, not even necessarily alpha,” said David Boole, managing director at options brokerage BayCrest, referring to an edge in trading.

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