the act of piercing or perforating, as with a pointed instrument or object. 2. a hole or mark so made. 3. Zoology. a small pointlike depression. verb (used with object), punctured, puncturing. 4. to pierce or perforate, as with a pointed instrument: to puncture leather with an awl. 5. to make (a hole, perforation, etc.) by piercing or perforating: He punctured a row of holes in the cardboard.
A Regulated Market is a multilateral system, (as defined by MiFID), which brings together or facilitates the bringing together of multiple third-party buying and selling interests in financial instruments in a way that results in a contract. For example, the London Stock Exchange (LSE).
Financial contract for difference (CFD) is a derivative product that gives the holder an economic exposure, which can be long or short, to the difference between the price of an underlying asset at the start of the contract and the price when the contract is closed (see for example ESMA's Addendum Consultation Paper MiFID II/MiFIR of 18 February 2015, ESMA/2015/319).