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WATS® Municipals

As a leading municipal securities dealer, we deliver market insight, expertise, and liquidity across a wide range of the municipal securities market. Wells Fargo has a national approach and focuses on trading all states and many sectors for:
  • Tax-exempt municipals
    • Round lots and odd lots
  • Taxable municipals, including Build America Bonds (BABs), and corporate municipals
    • Round lots and odd lots
Our team provides access to one of the largest municipal inventories in the market. In addition to a broad range of offerings, the desk provides customers thousands of bids each day.
The most frequently traded issuers are state and local governments and their agencies and authorities, water and sewer systems, school districts, colleges and universities, hospitals, toll road commissions, and utilities.
All traders on our municipal desk actively bid for and make offerings of municipal securities, and conduct trades via our Bloomberg dealer page as well as various ECNs.

Where to find us

As a leading liquidity provider, WATS Municipals provides access to a large variety of offerings. We have a meaningful presence on many ECNs, conducting a growing portion of our institutional volume over electronic systems.
Bloomberg: Institutional and middle-market customers can view our inventory and execute on Bloomberg through WATS under the Municipal tab (WMUN).
For information on all WATS offerings, visit our execution page: WATS< GO >
ECN connectivity: As a top dealer in municipal bonds, we operate on the following ECN platforms:
  • Tradeweb Direct
  • The Municenter
  • Knight BondPoint
Wells Fargo Securities is the trade name for the capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, a member of NYSE, FINRA, NFA and SIPC, Wells Fargo Prime Services, LLC, a member of FINRA, NFA and SIPC and Wells Fargo Bank, National Association. Wells Fargo Securities, LLC and Wells Fargo Prime Services, LLC are distinct entities from affiliated banks and thrifts.