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 ?
The May Queen was also traditionally crowned on May Day, when local schoolgirls would compete for the crown in honour of Flora, the Roman goddess.
May 1 is also a feast day for the patron saint of workers, St Joseph the Worker, as marked by this Liverpool May Day march, led by Tony Benn in 1991
The post Turkish police fire tear gas in central Istanbul on May Day protesters appeared first on Cyprus Mail .
Castle |Bromwich Hall Gardens trust May Day celebrations in 1980 with Louise Gatehouse and Marie Clair O'Brien
MINNEAPOLIS: Two weeks before their very first May Day Festival in 1975-which members of In the Heart of the Beast Puppet and Mask Theatre Company were inspired to begin as a protest against the Vietnam War-that war officially ended with the fall of Saigon.
Raymond Williams (ed), May Day Manifesto, Penguin 1968
This year's May Day march witnessed a renewed vigour in marking the day to celebrate workers, with many unions, including the NSWNMA, entering floats in the march in the state's capital.
GREECE FERRY R and train services in Greece r ground to a halt as unions held a strike for May Day.
A May Day protester throws a stone at riot police as he and others try to break through barricades to reach the city's main square in central Istanbul on May 1.
To this day May Day has been associated with the socialist and communist Lefts.
BAGHDAD / Aswat al-Iraq: Iraqi communists on Thursday congratulated workers of all ethnic groups in Iraq on the occasion of May Day, to take place on Sunday, calling for "struggle by workers to obtain their rights.
Virgin Trains, a UK-based train company, has announced disruption of services over the May Day Bank Holiday weekend.