Trading firms on Wall Street are leveraging automated systems to quickly analyze and trade based on posts made by former President Donald Trump on his Truth Social platform. These systems, often referred to as bots, are designed to monitor the pronouncements of prominent figures, including Trump, and execute trades in near real-time.
At least five financial firms have subscribed to an ultrafast feed that provides immediate access to Trump's Truth Social posts. This allows traders to react to market-moving news or sentiment shifts reflected in his statements before they are widely disseminated.
The practice highlights the increasing integration of social media sentiment into financial markets and the sophisticated technological infrastructure employed by modern trading operations to gain an edge.