Tag

High Frequency Trading

All articles tagged with #high frequency trading

business17 days ago•333 min saved

Wall Street pays up to $100K monthly for real-time Trump Truth Social posts via API

Trump Media says Wall Street firms have signed more than 10 deals to access Truth Social posts in real time through an API, with fees around $60,000–$100,000 per month. The data feed, aimed at giving high-frequency traders milliseconds of edge, could become a meaningful revenue driver as the company seeks to expand API access to news outfits and AI firms. Regulators, led by Elizabeth Warren and Adam Schiff, have urged SEC scrutiny over whether the arrangement is legal, while Truth Social remains a small, loss-making platform with modest traffic compared to rivals like X.

via CNN|

#api #business #high-frequency-trading

business25 days ago•5 min saved

Truth API: Trump Media's fast feeds spark market-trading debate

Trump Media launched Truth API to give institutional and high-frequency traders near-instant access to posts from top Truth Social accounts, potentially charging up to $100,000 a month. The service aims to monetize fast social data, but it raises legal and ethical questions about insider information, while the SEC has been urged to review the matter and Trump Media defends that information may be public. The controversy also centers on the president's family stake in the company and whether public statements could be exploited for profit.

via bbc.com|

#business #high-frequency-trading #insider-trading-concerns

business26 days ago•2 min saved

Truth API Goes Live, Selling Real-Time Trump Posts to Wall Street

Wall Street firms can subscribe to Truth Social's Truth API to receive real-time alerts of posts by Trump and other top accounts before the public, potentially delivering milliseconds-fast market signals and expanding Trump Media and Technology Group's revenue, while lawmakers push for SEC scrutiny over potential insider benefits; the service competes with data-scraping feeds that firms already use, highlighting Truth Social's move to monetize its platform's most market-moving content.

via NBC News|

#business #high-frequency-trading #market-data

business1 month ago•20 min saved

Millisecond Edge: HFTs Pay for Early Trump Posts Feed

High-frequency trading firms are reportedly paying up to $100,000 per month for a low-latency API feed of Truth Social posts from Trump Media, arguing that nanoseconds can mean big profits across markets; opting out is seen as falling behind. Lawmakers warn the arrangement could raise emoluments and market-structure concerns, while Trump Media contends posts are public and fees cover delivery infrastructure rather than exclusive content.

via 24/7 Wall St.|

#business #emoluments-clause #high-frequency-trading

finance1 month ago•19 min saved

Speed Comes at a Price: HFTs Pay $100K/Month for Trump Post Feed

High-frequency trading desks are paying up to $100,000 per month for a direct, low-latency API that streams President Trump's Truth Social posts, giving them nanosecond timing advantages when markets react to his statements. Trump Media says posts are public and the speed of delivery is the differentiator, not the content; lawmakers have raised emoluments clause and market-data fairness concerns as the arrangement prompts questions about who benefits from presidential communications.

via Yahoo Finance|

#emoluments-clause #finance #high-frequency-trading

business1 month ago•3 min saved

Truth API poised to charge six-figure monthly fees for fast Trump posts

Trump Media & Technology Group is testing a paid data feed called Truth API to give banks and trading firms the fastest access to posts from Trump and other top Truth Social accounts, with proposed prices up to $100,000 per month (and $60,000 for a three-year plan). The service marks TMTG's first data-licensing revenue and has drawn criticism from Democrats and ethics advocates who argue it could profit from presidential influence and create market advantages, though the legality is debated. The company says customers are lined up ahead of an August 1 launch.

via CNBC|

#business #high-frequency-trading #trump

markets1 month ago•5 min saved

Six-figure fast-feed for Trump's posts aims at market-moving data

Trump Media & Technology Group reportedly pitched a $100,000-per-month premium feed, called the Truth API, to traders for ultrafast access to President Trump's Truth Social posts, arguing that every millisecond matters for market moves. The six-figure fee would target institutional data users like hedge funds, and the idea drew backlash as Trump’s posts have historically moved stock prices; the service would run 24/7, though the public would likely notice little speed difference.

via Financial Times|

#high-frequency-trading #markets #trump-media-and-technology-group

markets3 months ago•3 min saved

Citadel Securities rides Iran‑fuelled volatility to record quarterly trading revenue

Citadel Securities reported a record $4.3 billion in trading revenue in Q1, with about $1.9 billion in net income, as market volatility driven by the Iran conflict and swings in oil and Treasury rates boosted activity for market makers. Alongside peers Jane Street and Hudson River Trading, the trio generated roughly $27 billion in first‑quarter trading revenue. Citadel Securities, a major US market‑maker handling about a quarter of US equity volume, is expanding into high‑touch client services, including hiring JPMorgan’s Elan Luger, while remaining distinct from the hedge fund Citadel.

via Financial Times|

#citadel-securities #high-frequency-trading #iran

markets4 months ago•4 min saved

Jane Street’s 2025 surge reshapes market power in finance

Jane Street posted a record $39.6 billion in trading revenue for 2025 and about $31.2 billion in EBITDA, out-earning giants like JPMorgan and Goldman Sachs in trading profits and signaling a shift in market power as arbitrage-focused trading flourishes amid volatility; the piece notes the firm’s gains and compares its EBITDA to the top profits of well-known companies, underscoring the era of outsized returns for specialized trading firms.

via Financial Times|

#ebitda #high-frequency-trading #jane-street-capital

business1 year ago•12 min saved

Regulatory Crackdown Halts Jane Street’s India Operations Amid Market Concerns

India has taken a significant regulatory step against Jane Street, one of the largest high-frequency trading firms, accusing it of market manipulation and imposing a trading ban along with seizing assets, signaling a crackdown on sophisticated global traders and potentially impacting the booming Indian derivatives market.

via Bloomberg|

#business #high-frequency-trading #india

business1 year ago•3 min saved

Citadel Securities Appoints Microsoft Veteran to Tech Leadership

Citadel Securities has hired Herb Sutter, a C++ expert from Microsoft, to lead its C++ training initiatives. Sutter, recognized as a leading figure in the C++ community, will help Citadel's engineers and researchers enhance their proficiency in the language, which is crucial for the firm's trading systems. This move aims to improve system speed and reduce coding errors as Citadel expands into new markets. C++ is vital for high-frequency trading due to its low-level control over hardware and memory, offering speed advantages in competitive trading environments.

via Business Insider|

#business #c #citadel-securities

books-and-authors2 years ago•1 min saved

The Rise and Fall of Sam Bankman-Fried: Insights from Michael Lewis

Michael Lewis discusses his latest book, "Going Infinite: The Rise and Fall of a New Tycoon," which delves into the mind of FTX founder Sam Bankman-Fried. The book explores topics such as high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. Lewis shares insights into the "story war" surrounding crypto advocates, those who lost money, prosecutors, defense attorneys, and other observers. He also addresses personal questions about his writing process and the impact of his daughter's death. The full conversation is available for streaming and download on various platforms.

via Barry Ritholtz|

#books-and-authors #cryptocurrencies #ftx

cryptocurrency2 years ago•1 min saved

"Michael Lewis Reveals Sam Bankman-Fried's Daily Half-Million Dollar Losses After Alameda Launch"

Sam Bankman-Fried, founder of Alameda Research and FTX exchange, reportedly lost millions of dollars in the early days of the trading firm. Bankman-Fried raised nearly $170 million from investors in the Effective Altruism community, intending to invest in the crypto markets. However, Alameda suffered significant losses, with over $500,000 lost daily for a month. Poor fund management and unsuccessful trading strategies contributed to the losses. The situation improved when Gary Wang and Nishad Singh joined the firm, implementing a successful quantitative trading system and managing the company, leading to the establishment of FTX.

via CoinDesk|

#alameda-research #crypto-markets #cryptocurrency