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 existente of a culture of religious parades probably contributed to shaping the Socialists' May Day campaigns.
A school spokesman said: "As a multi-cultural school with an exciting number of faiths and cultures among our small school community we celebrate May Day along with other traditional, religious and multicultural events.
Previous May Day demonstrations have ended in violence and last year there were 54 arrests.
Click through the slideshow to see the most captivating May Day images.
Turkish riot police clashed with thousands of May Day protesters in Istanbul on Wednesday, firing water cannon and tear gas at crowds that tried to break through barricades to reach the city's main square, witnesses said.
The May Day protests came as officials confirmed the death toll from the collapse of the RanaPlaza complex had risen above 400.
The May Day efforts were to revive a movement that triggered protests against economic injustice last year.
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.
America's Forgotten Holiday: May Day and Nationalism, 1867-1960.
Encouraging gold-base metals mineralisation intercepted in drilling at May Day including: 16m @ 1.