May Day

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Related to International Labor Day: International Labor Organization, International Workers Day

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 ?
Major security operations are underway in Istanbul and Ankara as thousands of people mark International Labor Day with rallies and demonstrations.
"The Iraqi Communist Party has applied to organize a march, to begin from Baghdad's al-Firdous Square to central Baghdad's al-Tahrir (Liberation) Square next Sunday, in order to celebrate the International Labor Day," Jazaery told Aswat al-Iraq news agency.
President Rumen Radev congratulates the Bulgarians on the occasion of the International Labor Day, the president's press service has said.
Sharing his message in International Labor Day CM Jam Kamal paid homage to the martyrs of Chicago who rendered a colossal sacrifice for the rights of labors, "International Labor Day reminds us that how a defiant labor community succeeded in clinching their rights and put whole nation on the path of development.
t -- JAMRUD: Like other parts of the country, International Labor Day observed in Khyber Agency on Tuesday with renewal of the pledge for protecting rights of workers.
SHIKARPUR -- Different organizations, political parties and social workers took out rallies from various places of the city Shikarpur and culminated at Lakhidar Clock Tower and also held many programs at various places to express solidarity to the laborers on the International Labor Day on Tuesday.
BAGHDAD / National Iraqi News Agency (NINA) - The Head of the National Alliance, Ammar al-Hakim, congratulated the Iraqi workers on the International Labor Day, which comes on the first day of May.
NNA - President of the Republic Michel Aoun congratulated Lebanese workers on International Labor Day in a public statement from Baabda today, expressing his keenness on transforming the Lebanese economy to a productive one, which will help create new job opportunities for the Lebanese youth.
LAHORE -- Although International Labor Day is being observed in Pakistan Monday like other parts of the globe, but laborers are still deprived of fair wages and become victims of exploitation in developing countries.
He said that, 'The observance of the international Labor Day is an occasion to pay homage to the workers and wage earners as well as to renew our pledge to defend the dignity and ensure decent living to the workers of the country.'
Abdul Nasser Ferwaneh, a researcher specialized in prisoners' affairs, said in a report marking International Labor Day that more than half of the Israeli arrests of Palestinians since 1967 targeted workers.

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