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 ?
organisations to mark the International Workers Day and recognise the
On the occasion, Ahmed said, "This honour, which came on International Workers Day, is recognition of our efforts and an incentive for us to improve trade union activities at Omantel in parA[degrees] ticular and in the entire sultanate in general."
The Bahrain Human Rights Watch Society is organising the event as part of celebrations to mark International Workers Day.
May 1, International Workers Day, is a major holiday in Cuba and expectations were high among health and education employees that state wages would be increased to mark the date.
President Kurmanbek Bakiev today congratulated the people of Kyrgyzstan with International Workers Day of May 1.
AT this May bank holiday time as well as hoping the good weather holds, we may be remembering that May Day is International workers day, born out of the struggle for an eight-hour day in 1886.
The first of May is also celebrated as International Workers Day. It's a day when workers across the whole world remember the many things that bind us together as working people.
The Sri Lankan Community in Qatar won the award of outstanding community at the International Workers Day celebration organised by the Ministry of Administrative Development, Labour and Social Affairs of Qatar held on 01.05.2019 in Doha.
Messages of president and prime minister on the occasion of International Workers Day will be aired in national hook-up in programme Subh-e-Pakistan starting at 7.10 am.
Manama, May 1 (BNA): Labour and Social Development Minister Jamil bin Mohammed Ali Humaidan inaugurated the annual labour art gallery which is organised by Bahrain Free Labour Unions Federation marking the International Workers Day.
The international rights organisation Human Rights Watch (HRW) issued a statement on Sunday, coinciding with Labour Day or International Workers Day, calling on the Egyptian government to legalise independent trade unions and to cease ignoring "the basic right of workers".
The day is also known as International Workers Day, or simply Labour Day, and is meant to celebrate and recognise the efforts of the labour force.

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