Sources familiar with the matter: Bloomberg, Susquehanna and Jump Trading sign Truth API
Reuters reported, citing sources familiar with the matter, that Truth Social, under Trump Media & Technology Group (DJT.O), has signed with news data provider Bloomberg, high-frequency trader Susquehanna International Group (also known as Jane Street), and Jump Trading to obtain faster access through Truth API to posts by U.S. President Donald Trump on Truth Social. The service is charged at up to $100,000 per month, with subscription fees ranging from $60,000 to $100,000 per month.
Truth API was announced by the company in July 2026 and was expected to be available to institutional clients starting August 1, providing low-latency machine-readable data streams for posts from the platform’s highest-ranked accounts, delivered in milliseconds, and including historical archives since 2022. Company interim CEO Kevin McGurn said at the time that the market had already moved on Truth Social posts, and the product was intended to monetize proprietary assets through high-margin recurring revenue. Reuters said this was the first report of these three institutions purchasing the service.
Bloomberg, Jump Trading and Susquehanna all declined to comment. Trump Media said in a statement that Truth API is an industry-standard API product with significant demand across industries; the company values customer confidentiality, and the report is misleading information based on anonymous sources intended to harm the company, customers and shareholders. Another lawsuit is ongoing, with plaintiffs alleging that setting financial barriers to government information may be unconstitutional.
Original sources:
Title: EXCLUSIVE: Bloomberg, two trading firms agree to pay Trump’s Truth Social for faster access to president’s posts, sources say Publisher: Reuters Publication date: 2026-10-28 URL: https://www.reuters.com/business/finance/bloomberg-two-trading-firms-agree-pay-trumps-truth-social-faster-access-2026-10-29/ Source type: media report Verification status: visible content on the page and multiple summaries were read in this session; verification date 2026-10-28 Supporting content: Bloomberg, Susquehanna International Group and Jump Trading signed; up to $100,000 per month, subscription fee $60,000-$100,000 per month; sources familiar with the matter; company statement; mention of lawsuit.
Title: Trump Media and Technology Group Launches Truth API, a New Licensed Data Service for Financial Services Partners That Provides the Fastest Access to Truth Social’s Most Influential Accounts Publisher: Trump Media & Technology Group (GlobeNewswire) Publication date: 2026-07-16 URL: https://www.globenewswire.com/news-release/2026/07/16/3328489/0/en/trump-media-and-technology-group-launches-truth-api-a-new-licensed-data-service-for-financial-services-partners-that-provides-the-fastest-access-to-truth-social-s-most-influential-.html Source type: official announcement Verification status: full text read in this session; verification date 2026-10-28 Supporting content: announcement of Truth API, availability on August 1, highest-ranked accounts, millisecond delivery, Kevin McGurn quote, high-margin recurring revenue strategy.
Title: Trump Media pitched $100,000 monthly fee for fastest feed of US president's posts, sources say Publisher: Reuters Publication date: 2026-07-17 URL: https://www.reuters.com/business/media-telecom/trump-media-pitched-100000-monthly-fee-fast-feed-us-presidents-posts-ft-reports-2026-07-17/ Source type: media report Verification status: summary read in this session; verification date 2026-10-28 Supporting content: up to $100,000 per month and a three-year $60,000 plan (an early quote, not proof that the current signed price was locked in).
ABAB AI Insight
Trump Media formally launched Truth API on July 16, 2026, as its first data licensing product, targeting high-frequency and algorithmic trading firms. Company interim CEO Kevin McGurn said in the announcement that the market had already reacted to Truth Social posts. By August, the company said more than 10 clients had signed up, mainly high-frequency traders. Donald Trump holds about 41% of the company through a revocable trust and is the largest shareholder; the company’s second-quarter revenue was low and its net loss widened, and the API was positioned as a source of high-margin recurring revenue.
Among the buyers, Susquehanna International Group and Jump Trading are both high-frequency market makers focused on algorithmic and automated strategies, historically seeking millisecond-level advantages in stocks, options and crypto assets. Bloomberg, as a data terminal provider, could integrate the data feed into its existing institutional channels after signing. The money flow is: institutions pay a monthly fee -> Trump Media gains recurring revenue -> receives low-latency machine-readable access to top-ranked accounts, including the president’s posts -> uses it for automated trading systems to capture market volatility. The company stresses that this is industry-standard practice rather than advance release of nonpublic information.
Compared with traditional financial data providers, such as Bloomberg’s own low-latency distribution of exchange or news data, the mechanism is similar: both are faster machine interfaces to already public information. The difference is that the source is the main public communication channel of a sitting president, and the company’s equity is directly tied to the president. Democratic lawmakers had previously called on the SEC to review it, and a lawsuit has challenged whether placing pay tiers on government-related information is permissible.
This set of named client signings turns the previously anonymous “significant demand” into an observable buyer structure, extending latency arbitrage from generic social data to cross-asset price discovery driven by presidential posts. For high-frequency traders, the cost is a measurable millisecond advantage; for Trump Media, it is an experiment in recurring revenue with low marginal cost. Metrics to watch include later disclosures of client counts, actual revenue contribution, and whether litigation or regulators respond to the positioning of an “industry-standard API.”
ABAB News · Cognitive Laws
Presidential posts are already price signals; a millisecond-level interface turns public remarks into a priced trading input.
High-frequency market makers paying for low latency is a concrete path for latency arbitrage to spill over from exchange data to social accounts.
The company’s claim of being industry-standard does not eliminate disputes over information asymmetry caused by equity ties.