May Day

(redirected from Mayday)
Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia, Wikipedia.

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 ?
It is a pilot's discretion to call a mayday based on assessment of the situation CIVIL AVIATION AUTHORITY
GEARING UP FOR WORK: Justin Caie, head of learning and skills at HMP Onley, with Mayday Trust's Callum Mcausland (left) and Stephen Medlicott (right) on two of the donated bikes
Doug Wulf, VP of Manufacturing at Mayday, shared why the firm entered the site wide selection of the platform by System Insights, “We selected VIMANA due to the fact their system has more value for the buck than the other MTConnect applications we reviewed…and there were many.
The yellow welly was chosen to represent volunteer lifeboat crews for the Mayday campaign as it is an essential piece of RNLI crew kit.
Civil Aviation Authority data released to the Sunday People under Freedom of Information law revealed 186 maydays and 1,076 less urgent pan-pan calls.
Thousands of Mayday Tech Advisors across the US were available on Christmas Day to take calls from customers.
In this context, the Mayday button has obvious appeal.
Users can simply tap the Mayday button in Quick Settings and an Amazon expert will appear on the Fire HDX and can co-pilot the users through any feature.
He said: "It could have been a lot worse had the mayday call not been picked up.
An RNLI crew from Barry Dock Lifeboat Station pinpointed their position and reached the emergency location with a rescue helicopter 20 minutes after a mayday signal was sent out at 7.
Mayday hopes the day will provide an alternative choice to residential schooling for all levels of learning disabilities, Aspergers Syndrome and those living with autism.