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 ?
The Indian Community Benevolent Fund (ICBF), under the aegis of the embassy of India, in association with Qatar Ministry of Interior, will be organising a mega cultural and awareness event on the occasion of International Labour Day tomorrow (from 5pm) at Asian Town in Doha Industrial Area.
Dubai Customs celebrated the International Labour Day, observed every year on May 1st, with a number of events as part of its responsibility and commitments towards its labors in its different customs centers and departments.
PESHAWAR -- Likewise other parts of the country, different organizations, labour and trade unions arranged rallies, functions, walks and seminars to mark the International Labour Day in
The Pakistan Muslim League-Nawaz (PML-N) government, he said, always remained in forefront and would do the same in future to address their problems, he said, while addressing a function held here in connection with International Labour Day.
Dubai: The Community Development Authority (CDA) kickstarted its month-long celebrations to honour workers across Dubai on Sunday coinciding with the International Labour Day.
Meanwhile Punjab Chief Minister Muhammad Shahbaz Sharif during his address to the foundation stone laying ceremony of Workers Welfare Complex on the occasion of International Labour Day strongly criticized Imran Khan for his statement against a welfare project like Daanish Schools.
Abu Dhabi -- The Ministry of Labour (MoL) will be marking International Labour Day on May 1, with 10 days of celebrations as an expression of appreciation for the effort that workers put in and their contribution to the development of the country.
Manama: May 5 -- (BNA): The Muharraq Parents Care Home hosted its latest monthly programme marking the International Labour Day presented by Khalil Ebrahim Al-Thawadi titled the "Profiles of National Builders".
LABOUR Minister Jameel Humaidan joined the Indian expatriate community in celebrating International Labour Day.
by Javed Hamim Kakar on 30 April, 2014 - 16:44 KABUL (Pajhwok): On the eve of International Labour Day falling on May 1, the All Afghanistan Federation of Trade Union (FTU) chief alleged on Wednesday workers' rights were being trampled alike by private and government sectors.
The Canadian Specialist Hospital (CSH) Dubai marked the International Labour Day by providing free comprehensive medical tests for labourers at an accommodation unit in Dubai.
May Day was chosen as International Labour Day by the labour movement.

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