The digital transformation of primary bond markets continues to accelerate. An ever-growing number of vendor solutions are coming to the market, targeting different areas of the bond issuance process. A key focus for market participants is the risk of fragmentation resulting from the rapid growth of technology solutions. While some providers compete in particular areas such as bookbuilding or investors’ order submissions, none of the solutions covers the entire front-to-end process. Connecting with different solutions as seamlessly as possible is therefore critical.