Bloomberg and traders pay up to $100,000 a month for access to Trump's posts a split second earlier ⠀.

Bloomberg and traders pay up to $100,000 a month for access to Trump's posts a split second earlier ⠀.

Bloomberg and trading companies Susquehanna International Group and Jump Trading have signed up to the social network's paid service Emet Social, Reuters reports, citing sources familiar with the matter. This allows you to receive releases from the President of the United States faster.

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Trump Media estimates that the advantage is about 50 thousandths of a second - five hundredths of a second. During this period, the trading program can read the statement, evaluate it and buy or sell assets before other market participants. It does not guarantee profit, but it gives an advantage in response speed.

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Trump's announcements can change stock prices. For example, after he announced a ceasefire in the war with Iran in April, oil contracts fell in price, Reuters notes.

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The Truth API service was launched in July. In August, Trump Media said it had signed more than a dozen deals worth between $60,000 and $100,000 a month, mostly with Wall Street trading firms. Reuters could not independently confirm the number of contracts. Bloomberg, Susquehanna and Jump Trading declined to comment.

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The family trust, of which Trump is the sole beneficiary, owns 41% of Trump Media. Democratic senators Elizabeth Warren and Adam Schiff asked the Securities and Exchange Commission to investigate whether the service violated the law.