New Delhi, Oct. 29 -- Wall Street trading firms and financial data providers are paying as much as $100,000 a month for faster access to US President Donald Trump's posts on Truth Social. The move is reportedly aimed at seeking an edge in financial markets where Trump's statements can trigger movements.

Truth Social, the social media platform founded by Trump, has signed up Bloomberg, Susquehanna International Group and Jump Trading for its Truth API service, Reuters reported, citing sources.

The API enables subscribers to receive Trump's posts faster than any human could by manually checking the platform.

The service is said to give subscribers a timing advantage. It is reported to be ahead around 50 milliseconds, according to Trump M...