July 16 (Reuters) - Trump Media & Technology Group on Thursday launched Truth API, a licensed data feed that will provide financial services companies with "the fastest" access to posts from the highest-ranking Truth Social accounts.
The paid-for API (application programming interface) is aimed at giving "immediate, verified access to information" on Truth Social to organizations that prioritize tracking influential posts on the platform, the company said in a statement.
"Until now... firms that prioritize tracking influential Truth posts have relied on manual monitoring. Truth API closes the gap," it said, adding that the feed is designed for businesses "most impacted by the cost of a delay in information" such as algorithmic trading firms.
The API will be significantly faster than scraping Truth Social data, Trump Media interim CEO Kevin McGurn said in an interview with Axios earlier in the day.
The product, available to enterprise customers starting August, is expected to create a new revenue stream for the company.
It will provide round-the-clock coverage of influential posts on Truth Social and include an archive of posts dating back to 2022.
(Reporting by Deborah Sophia in Bengaluru; Editing by Shilpi Majumdar)
