We present a study of the fundamental electrodynamics of an electronic ink pixel based on frustrated total internal reflection, which is relevant for the ongoing development of video-speed-capable electronic ink displays. Devices are fabricated with plane-parallel electrodes covered with a dielectric coating of the poly(p-xylylene) polymer Parylene C and filled with ink proprietary fluorochemical fluid containing absorbing particles. Reflectivity measurements of frustrated total internal reflection and transient current measurements provide information on the concentration of particles near the electrodes, conductivity of the ink, and screening of the electric field. By comparing the measurements with an electro-optical model, it is found that the electrical properties of the ink are dominated by positively charged particles and negative countercharges. Screening of the electric field depends as expected on the dielectric coating thickness. The observation of an asymmetry in the steady-state gray level response to an applied voltage is explained by fixed positive charges adsorbed at the interface between the dielectric coating and the dispersion. The overall switching dynamics of the device for different voltage sequences is in good agreement with simulations.