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 ?
According to the Director, Sales and Marketing at the website, Scandinavia is being touted as the next big thing in the tourism industry especially for the summer Holidays comprising of Scandinavian countries of Sweden, Finland, Norway, Denmark and Iceland.
It is claimed that these travels may have triggered the making of the many boat images engraved on rocks in Scandinavia, where these images, in their 'classical' form, are found on the Norwegian west coast as far north as the Arctic Circle.
Skanem Skurup, Scandinavia for Giva Grass GTI (Honourable Mention Award for Excellence in Technical Achievement in Printing, 2012)
The company said: "Atria Scandinavia will commence a streamlining of its operations and focuses on the production of value-added products in Sweden.
As of April 2008, SAS will operate 13 weekly services between Scandinavia and China, an addition of three weekly departures.
The King of Scandinavia went into service on March 12 and operates a service to Amsterdam alongside the Queen of Scandinavia.
It replaces the Duke of Scandinavia and will sail alongside the Queen of Scandinavia, operating daily sailings from North Shields to Amsterdam.
The next event, titled "Staging for Success" will be presented on November 1 at the Scandinavia House.
We are very pleased about the development of our businesses in Denmark and Scandinavia.
Soon, when the original Taste of Scandinavia at 21136 Ventura Blvd.
Travelocity Europe, a joint venture with Germany's Otto trade group, has signed an agreement to acquire Resfeber Scandinavia in a deal which reportedly makes Travelocity Europe the number one online travel company in Scandinavia.
But now, thanks to the American-Scandinavian Foundation in New York, Scandinavian design - more evocatively called Nordic - is back in town in a grand gesture of a show that also inaugurates the foundation's new Scandinavia House on Park Avenue, an unabashed Modernist salute by the American architect James Stewart Polshek to his own formative experiences of studying and travelling in Scandinavian countries.