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 ?
I congratulate to you May 1 - the International Workers' Day and I want you to spend it in peace and health with your family and friends,' reads Mr.
'I also saw a directive from the Prime Minister [Hun Sen], and it asks the government to encourage participation and celebration of the International Workers' Day, so I expect Municipal Hall will let us organise the march,' he said.
She emphasized that International Workers' Day is also a time when leaders should revisit and study the reforms that aim to strengthen workers' rights.
May 1 is International Workers' Day. The 130-year-old tradition is celebrated across the Middle East, from Palestine to Bahrain, from Syria to Egypt.
KUWAIT, April 30 (KUNA) -- The State of Kuwait will mark on Monday, May 1, the international workers' day, which is an annual global occasion celebrating laborers and workers achievements.
In this melee we the public conveniently forget that the International Workers' Day, or Labour Day, is a commemorative occasion very solemnly celebrated every year on May Day by the working class.
THE RASHTRIYA Swayamsevak Sangh ( RSS) and its Parivar on Sunday denounced the International Workers' Day saying the tradition is alien to Indian culture and the ideology of cultural nationalism.
Muscat: General Union of Workers of the Sultanate yesterday celebrated the opening of its permanent headquarters and investment building in Ghala in the Governorate of Muscat, coinciding with the celebration of International Workers' Day on the May 1, each year.
ySTANBUL (CyHAN)- ystanbul Police units took tight security measures for May 1 International Workers' Day, which was planned to be celebrated in BakyrkE[micro]y Bazaar area on Sunday.
Muscat, May 1 (ONA) The General Union of Workers of the Sultanate of Omantoday celebrated the opening of its permanent headquarters and investment building in Ghala in the Wilayat of Bausher in the Governorate of Muscat, coinciding with the celebration of International Workers' Day on the 1st of May each year.
So rain or shine, let's enjoy International Workers' Day. Times are tough, and we deserve it.
I, therefore, call on the working people of Sri Lanka to move ahead with their commitment to the causes of Good Governance, and extend my warmest good wishes for the successful celebration of May Day 2015 together with the working people the world over, the President said in his message to mark the International Workers' Day.

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