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 ?
Processing of the fast track cube is expected to be completed on the 1st of May ready for the selection of the location for the Lambouka well.
To this end a hand press and a quantity of printing material have been procured, a special correspondent has been engaged in Winnipeg and every Monday morning from this issue until the 1st of May we will issue a small sheet in newspaper form, which will contain a bulletin, giving the most notable occurrences in the world at large and matters concerning the North-West Territories in particular, local news from all parts of the Upper Saskatchewan country, opinions on matters and things connected with North-West, and a synopsis of the news brought in by the previous mail."
The addition of the new aircraft will enable bmi to operate a direct non-stop link from Almaty in Kazakhstan to London Heathrow three times per week commencing on the 1st of May. The introduction of these non-stop Almaty-Heathrow flights will reduce flying time each way by two hours.
CONCERT: Songs of exile and migration are on the fayre with Birmingham's 1st Of May Band - a spin-off from the acclaimed Banner Theatre - on what is called the Wild Geese tour.
The Polish Socialist party has published a manifesto urging everybody to cease work on the 1st of May and the workmen's branch of the society is circulating a separate manifesto threatening with death anyone who may desecrate this holiday by committing robbery or beating defenceless persons.
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.
Kanoo Travel a fully owned business of Yusuf bin Ahmed Kanoo Group (YBA Kanoo) announced its participation in the Arabian Travel Market (ATM) 2019 which will be held in the United Arab Emirates between the 28th of April and the 1st of May. The annual business-to-business exhibition will be showcasing over 2,800 products and destinations from around the world to over 28,000 buyers and travel trade visitors at the Dubai International Convention and Exhibition Centre (DICEC).
Also, these notes will bear an annual interest of 10.500% that will be paid in half yearly arrears on the 1st of May and November each year, starting on 1 May 2019.
An email seen by Marca said: "We regret to inform you that on 1st of May, 2018, we had virus attack.
In his message on the eve of 1st May, the governor said, 'the 1st of May reminds us of the