Keen to invest on the NZX but not sure where to start? In this article, we cover who this broker is, how they operate here in New Zealand, and what services they provide to help you take the first step.
We’ll also outline the process to open an account, what investment options you have, and what to consider as a beginner. A simple, no-fuss guide to get you moving in the local market with confidence.
How to Invest in the NZX with BNP Paribas
BNP Paribas operates in New Zealand primarily as a custodian and institutional service provider. While it’s not a typical retail broker, it plays a big role behind the scenes supporting asset managers, KiwiSaver providers, and institutional investors.
If you're investing through a fund or ETF, there’s a decent chance BNP Paribas is handling the operational side — settlement, custody, reporting — to keep your investments running smooth as.
It’s a powerhouse in the background, trusted by the big players to get things done right.
What Are Stockbrokers and How Do They Work?
In Aotearoa, stockbrokers are licensed professionals or firms that buy and sell financial instruments — such as shares, bonds, and exchange-traded funds (ETFs) — on behalf of investors. They operate through the NZX (New Zealand Stock Exchange) and are regulated by the Financial Markets Authority (FMA).
Whether you're a first-time investor keen to build your savings or an experienced portfolio manager, brokers provide the tools and market access to invest with confidence. Here’s how they work across the motu:
Trading Shares and Investments: Stockbrokers place buy and sell orders for NZX-listed shares, ETFs, managed funds, debt securities, and derivatives. Orders can be made online, via app, or with direct broker assistance.
Licensing and Oversight: All brokers must be registered under the Financial Service Providers Register (FSPR) and meet ongoing conduct, disclosure and financial advice standards regulated by the FMA.
Advisory vs DIY: Kiwi investors can choose between full-service brokers who offer tailored advice, and online platforms that allow self-directed investing. It all depends on how hands-on you want to be.
Market Access: Stockbrokers connect you to both primary markets (like IPOs) and secondary trading, giving you access to companies listed on NZX, and in some cases, offshore markets like ASX or NASDAQ.
Clearing and Custody: Trades are cleared and settled through NZX systems. Shares are either held under your name on the New Zealand Central Securities Depository (NZCSD) or via a nominee/custodial model, depending on the broker.
Who They Serve: Brokers in NZ work with individuals, whānau trusts, KiwiSaver providers, corporates, and institutional clients. Whether you’ve got $100 or $1 million to invest, there’s a pathway for you.
Fees and Costs: Brokerage fees vary. Online platforms tend to offer flat, low-cost fees, while full-service firms may charge a percentage of the trade or offer ongoing portfolio management for a set rate.
Tradable Instruments on the New Zealand Exchange
NZX provides investors with access to a diverse range of listed investment products. With a strong focus on transparency, investor protection, and long-term value creation, NZX serves as the key venue for trading shares, funds, debt instruments, and derivatives in Aotearoa.
The NZX offers access to the following tradable instruments:
Equities (Shares): The NZX Main Board hosts a wide selection of listed companies operating in agriculture, energy, logistics, retail, and financial services. Investors can trade ordinary shares, which may provide dividend income and capital gains. Share trading is conducted electronically and settled through NZClear and the NZX Participant clearing system.
Smartshares Exchange-Traded Funds (ETFs): Smartshares ETFs are among the most popular investment products on NZX. These funds offer exposure to domestic and international equities, fixed income, and thematic indexes (such as ESG or dividend-focused strategies). They are ideal for Kiwis seeking low-cost diversification and long-term wealth building.
Debt Securities and Bonds: NZX Debt Market (NZDX) lists a variety of fixed-income instruments, including government bonds, Kiwi bonds, corporate debt, and bank-issued securities. These are used by investors seeking steady interest income and lower-risk asset allocation. Bonds on the NZDX are available in both retail and institutional formats.
Listed Investment Vehicles (LIVs): LIVs on NZX include investment companies and PIE funds structured for regular income and broad exposure. Many of these vehicles hold portfolios of shares or property assets and are managed by professional fund managers.
Real Estate Investment Trusts (REITs): NZX-listed property trusts invest in commercial and industrial real estate throughout New Zealand. These are commonly held for income through rental distributions and potential capital appreciation. REITs appeal to income-focused investors and those seeking indirect exposure to property markets.
Derivatives Market: The NZX Derivatives Market offers futures and options contracts based primarily on dairy products (such as milk powder, butter, and cheese), reflecting New Zealand’s key export industries. These contracts are used by producers, exporters, and institutional traders for risk management and hedging against price volatility.
Green Bonds and Sustainability-Linked Instruments: NZX has taken a leadership role in sustainable finance, supporting the listing of green bonds and ESG-linked instruments. These allow investors to fund environmentally and socially responsible projects while maintaining fixed income exposure.
Dual and Foreign Listings: NZX also hosts a selection of foreign companies or dual-listed entities (for example, Australian firms also listed on ASX). These provide additional investment options and regional exposure within a familiar regulatory environment.
