Huntewr7 I would be interested if anyone can provide proof of a transaction made on a Pink Sheet stock After hours.
ECN is simply a term for a network that brokers use.
I maintain that what some folks call "AH" trading on Pinks are "T" settlements. "T" settlements are trades executed during the day (usually pre-arranged for a client by the MM's) but posted AH (after hours) by the MM's. The rational given is that the MM's are sometimes too busy to post the trades in sequence during business hours and/or that they are part of a single "basket" buy.
From Investopedia on ECN:
Electronic Communication Network - ECN
What Does Electronic Communication Network - ECN Mean? An electronic system that attempts to eliminate the role of a third party in the execution of orders entered by an exchange market maker or an over-the-counter market maker, and permits such orders to be entirely or partly executed.
Investopedia explains Electronic Communication Network - ECN... An ECN connects major brokerages and individual traders so that they can trade directly between themselves without having to go through a middleman.
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