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.
On the other hand, the representatives congratulated Bahrain workers on the occasion of the International Workers Day, stressing that the Council of Representatives will spare no effort in raising the standard of living for workers and enact laws to ensure the provision of their rights.
President Kurmanbek Bakiev today congratulated the people of Kyrgyzstan with International Workers Day of May 1.
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.
On May 1, which is celebrated as International Workers Day, two labourers were moderately wounded after being attacked near Ramadin.
The march celebrated International Workers Day and protested the Venezuelan leader's recent moves to limit the power of his opposition.
The Bahrain Human Rights Watch Society is organising the event as part of celebrations to mark International Workers Day.
It is, officially today, May 1, and International Workers Day, marking achievements of the workers' movement such as the eight-hour working day.
PNN On the occasion of May 1st - International Workers Day Ms.

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