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 ?
Minister Arscott said that this year s Labour Day activities will focus on promoting climate change initiatives and crime fighting strategies.
Highlights from 2013 AAA Labor Day Holiday Travel Forecast include that 85% of Labour Day travellers (29.
The company has reported an increase of 25 percent in advance bookings in rentals for Labour day holidays in 2011, from that in 2010.
While most countries around the world mark Labour Day as a public holiday, the UAE does not give workers a day off.
There is an appealing sense of optimism here, a sincere desire to promote workers' contributions to society; yet Labour Day was also inherently exclusive.
Rick Hileman, the PGA director of resort golf operations, said, 'Based on the success of Sandestin's programme last year, we anticipate hosting hundreds of golfers this Labour Day holiday weekend.
Labour Day holiday air travel has been fairly consistent since the recession bounce back began for the travel industry in 2010.
3 million Americans travelled during the Labour Day holiday.
Las Vegas, New York and Chicago top the Orbitz Insider Index, which ranks the most popular Labour Day destinations based on hotel bookings.
com LP, a US-based online travel company, has released Labour Day data report for travel on Labour Day weekend in 2010.
Orbitz Worldwide Inc (NYSE: OWW), a US-based online travel company, has announced release of a new Orbitz Insider Index for top 10 US and international destinations or Labour Day weekend.
com, a US-based online travel company, has announced its Top 10 Labour Day destinations for last minute getaways.