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 ?
Critics complained it was a socialist idea, as May 1st was International Workers' Day in the then-Communist countries.
On what date is International Workers' Day celebrated?
WORKERS OF THE CAPITAL UNITE: About 1,000 union members and members of the February 11 Movement gathered in Tahrir Square on Wednesday on the eve of International Workers' Day.
THE countries of the world each lay claim to a day of the year, but the May 1 International Workers' Day, belongs to no single nation.
The message from International Workers' Day is: get active, join the union.
On Thursday -- International Workers' Day -- Occupy activists in New York City will join labor groups for demonstrations, as they have every year since the encampments disbanded.
ABOUT 20,000 workers are expected to attend the two-day International Workers' Day celebration which opens at West End Park in Doha on Thursday.
International Workers' Day is a world-level event and it is marked to commemorate the 4th of May, 1886, in Chicago.
During the celebration of International Workers' Day in the police educational centre in Makis, Dacic said that the government and the Ministry are on the same side in social dialogue with members of trade unions.
International Workers' Day is the commemoration of the 1886 Haymarket affair in Chicago.
On Wednesday, 1 May, International Workers' Day, as in fact every year, in many countries around the world, trade unions will be organizing massive protests to express their anger against the rising prices, the economic stagnation, the recession and the disturbed social model.

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