Emails marketing a paid data product built around Donald Trump’s Truth Social posts have been circulating across Wall Street trading desks for weeks, according to BlockBeats. A copy of one message said the service would offer “24/7 weekly, sub-second Trump post data,” including weekends and after-hours trading. The pitch also urged recipients to move quickly, saying some peers had already begun deploying the product.
The report said Trump Media & Technology Group is openly offering high-frequency traders and hedge funds immediate access to the president’s statements, a move that has triggered heated political and ethical debate on Wall Street. Firms are now weighing what it means to pay a publicly listed company, in which Trump is the largest shareholder, for access to his posts.
Because Trump is known for making statements that can move markets, the concern for trading firms is straightforward: those that choose not to pay could fall behind rivals in algorithmic trading. The report added that Trump remains the largest shareholder of Trump Media, with a stake valued at about $1 billion, and said he earned more than $1 billion from crypto projects over the past year alone.
Emails pitching a paid data service based on Donald Trump’s Truth Social posts have been circulating across Wall Street trading desks for weeks, according to BlockBeats.
A copy of one email said the product would provide “24/7 weekly, sub-second Trump post data, including weekends and after-hours sessions.” The message also pressed recipients to act quickly, adding that “some of your peers are already deploying this product.”
BlockBeats reported that Trump Media & Technology Group is openly offering high-frequency traders and hedge funds immediate access to the president’s statements. That has set off sharp political and ethical debate on Wall Street.
Firms are also weighing what it means to pay a publicly listed company, where Trump is the largest shareholder, for access to his posts.
Because Trump is willing to publish statements that can affect market moves, firms that do not pay for the service could be left behind by competitors in algorithmic trading, the report said.
The report added that Trump appears more willing in his second term to generate revenue through multiple businesses. He is the largest shareholder in Trump Media, holding a stake valued at about $1 billion. Over the past year alone, he has also earned more than $1 billion from crypto projects.
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