1. It occurs after the market closes when an investor can buy and sell securities outside of regular trading hours.
2. They use Electronic communication networks (ECNs) rather than traditional markets to match potential buyers and sellers.
3. After-hours trading is more volatile and risky.
Prices change during after hours, and the opening price the following day may not be the same as in the after-hours market.
The pre-market trades from 4:00 a.m. to 9:30 a.m.
The regular market trades between 9:30 a.m. and 4:00 p.m.
The after-hours market trades from 4:00 p.m. to 8:00 p.m.