The Bank of Korea confirmed its YouTube livestream of Monetary Policy Committee press conferences contains a minimum 3-second technical delay, while Trump Media announced plans to launch a 'Truth API' service next month offering millisecond-early access to posts from top accounts. The delay became notable when Trump Media & Technology Group revealed pricing of up to $100,000 per month for the API service targeting high-frequency trading firms. Financial market participants increasingly rely on real-time information feeds for bond and futures trading decisions.
Bank of Korea Confirms 3-Second YouTube Livestream Delay
The Bank of Korea stated the delay is inherent to YouTube livestreaming technology. The central bank explained that eliminating the delay completely would create trade-offs including buffering or reduced video quality, and differences occur based on individual communication environments. BOK indicated it is consulting with service providers to minimize the delay but cannot confirm whether complete elimination is possible.
Bond dealers reported monitoring multiple YouTube channels simultaneously during Monetary Policy Committee meetings to identify the fastest feed. One journalist covering this month's meeting discovered the livestream was at least 3 seconds behind the on-site briefing, with colleague articles appearing before Governor Shin Hyun-song's words appeared on screen.
Trump Media Plans Truth API Service Launch Next Month
Trump Media & Technology Group announced it will sell a 'Truth API' service starting next month. The service will provide access to posts from the top 10 accounts, including President Donald Trump's account, at millisecond-level speed before public release. Monthly subscription fees are under consideration at up to $100,000, approximately 150 million won. The product targets asset management firms and hedge funds conducting ultra-short-term trading.
Bond Traders Describe Impact of Information Timing
Bond dealers provided varying assessments of the 3-second delay's market impact. Multiple dealers reported experiencing government bond futures moving significantly before key statements appeared on screen. One dealer stated that when clear statements emerge and prices have already moved, the opportunity has passed. Some dealers reported refraining from trading entirely on Monetary Policy Committee days to focus solely on the press conference.
One dealer noted that responding fast enough to affect actual trading using smartphone or YouTube-level speed is difficult. The dealer explained that reacting within such short timeframes requires systems where machines automatically execute orders based on preset conditions as statements appear, rather than humans making judgments and placing orders. A bond dealer recalled that years ago, a supervisor from a foreign securities firm asked, "You do all this manually?"
Q&A Segment Excluded from Recent BOK Livestream
A question about exchange rates and foreign exchange markets was posed to the governor after the livestream ended and the on-site briefing was concluding. Governor Shin turned the microphone back on, stating "There weren't many foreign exchange-related questions today," and continued his answer outside the livestream. BOK confirmed this segment was not broadcast live and was only preserved by re-inserting the final Q&A video afterward. A BOK official acknowledged it was unusual for a journalist to return to the podium after the briefing ended and for the governor to turn the microphone back on.
Two versions of this press conference livestream appear on the BOK's YouTube account: a 53-minute version and a 56-minute version. One bond dealer stated that the fact information was almost not transmitted at all represents a much bigger issue than the broadcast delay, directly relating to transparency. The dealer noted that while information received a few seconds late eventually arrives, information not included in the official livestream channel is equivalent to non-existent for those not present.
FAQ
What technical delay exists in the Bank of Korea's YouTube livestream?
The Bank of Korea confirmed its YouTube livestream of Monetary Policy Committee press conferences contains a minimum 3-second technical delay inherent to the streaming technology.
What is Trump Media's Truth API service?
Trump Media & Technology Group announced plans to launch next month a service providing millisecond-early access to posts from the top 10 Truth Social accounts, including President Trump's account, with monthly fees under consideration at up to $100,000.
