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 ?
He added: "We want all hands to the pump to try to make sure that is what we deliver on the 1st of May.
The cycle starts about the 1st of May, when things really begin picking up," said Pepka.
Cinco de Mayo celebrations break the ice with parties running from the 1st of May through the 5th in just about every restaurant and nightclub in town.
25% that will be paid half yearly in arrears on the 1st of May and November each year, starting 1 November 2018.
Tenders are invited for Military commissariat of Grodno region offers a system of information security in the four areas of staff management point area of the territorial defense of Grodno region is located at: Grodno, street 1st of May 8 and subsequent certification of objects of information as a "protected area" in accordance with the requirements of the regulatory Legal acts of the Republic of Belarus on technical protection of information.
Anthony's Shrine in the Prato Della Valle in Padua is scheduled to be held on Sunday the 1st of May, 2015.
The Ministry of Finance announced that they have agreed on substance regarding the FATCA Agreement with the US Treasury Department in accordance with the Intergovernmental Agreement Model 1 IGA and initialed on the 1st of May 2014.
It is celebrated all across the world on 1st of May which has been declared as the traditional spring holiday in the Europe and Pakistan.
His defence of the Plaid performance on the 1st of May is disingenuous.
The crossroad consists of two arms "1" and "2" of the slope of the regional road ii / 511 (sldkovicova street), One arm "3" of the road iii / 1626 (prlepsk street) and the arm of the local road street 1st of may.