Swap Execution Facility

Hotspot SEF: A Bats Global Markets Company

Bats Hotspot SEF LLC (formerly Javelin SEF LLC) is a Swap Execution Facility ("SEF") offering interest rate swaps. Bats Hotspot SEF LLC provides pre-trade credit checks, real-time matching of orders, direct connectivity to clearing houses and straight-through processing. Market participants have the option to access the SEF through a graphical user interface or to connect via a FIX API.