May Day

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May Day

The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.

May Day

1. Informal; the first date on which brokerages were allowed to charge commissions below the previous minimum commissions. On May Day, brokers were permitted to negotiate commissions directly with clients for the first time. May Day occurred on 1 May 1975.

2. A holiday for workers that occurs on the first of May. May Day is a significant day for leftist groups and other proponents for the working class. It is more commonly celebrated in Europe than in the Americas. See also: Labor Day.

May Day

A widely used reference to May 1, 1975, the date on which brokerage commissions on securities became negotiable. May Day ushered in discount brokerage firms that charge investors reduced fees.
References in periodicals archive ?
On the occasion, Ahmed said, "This honour, which came on International Workers Day, is recognition of our efforts and an incentive for us to improve trade union activities at Omantel in parA[degrees] ticular and in the entire sultanate in general.
The march celebrated International Workers Day and protested the Venezuelan leader's recent moves to limit the power of his opposition.
May 1, International Workers Day, is a major holiday in Cuba and expectations were high among health and education employees that state wages would be increased to mark the date.
President Kurmanbek Bakiev today congratulated the people of Kyrgyzstan with International Workers Day of May 1.
AT this May bank holiday time as well as hoping the good weather holds, we may be remembering that May Day is International workers day, born out of the struggle for an eight-hour day in 1886.
The first of May is also celebrated as International Workers Day.
The choice to inform the traditionally isolationist American workforce of its international rights wasn't accidental; nor was the decision to kick off the effort on International Workers Day, which is usually ignored in the United States.
Today, the Sierra Club is supporting International Workers Day protests to make clear that a broad, diverse movement stands united in resisting Trumps attacks on immigrant families and our communities.
The coalition called the international workers day a day of "mourning" and denounced "anti-worker" legislation.
On the account of International Workers Day, Khan said that Pakistan faces huge levels of poverty in current times, adding that in New Pakistan the workers will be given rights based on international agreements.
Manama, May 1 (BNA): Labour and Social Development Minister Jamil bin Mohammed Ali Humaidan inaugurated the annual labour art gallery which is organised by Bahrain Free Labour Unions Federation marking the International Workers Day.
PESHAWAR -- Governor Khyber Pakhtunkhwa Sardar Mehtab Ahmed Khan said Thursday that International Workers Day, also known as Labour Day falling on May 1st reminds us of the matchless sacrifices rendered by the labourers in Chicago (United States).

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