May Day

(redirected from Labour Day)
Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.

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 ?
"Alberta was built by hard-working, enterprising individuals and families, who we celebrate on Labour Day. However, there are still too many Albertans out of work after the last few punishing years.
All indoor swimming pools will be closed on Labour Day. Splash pads will operate on Labour Day and will be open daily until September 15.
"On this Labour Day, we thank you for your excellent work and unfailing efforts to make the UAE a country that is peaceful and welcoming to everyone.
NAT_190502 RTA provides free international calls and nol cards in celebration of International Labour Day Image Credit: NAT_190502 RTA provides free international calls and nol cards in celebration of International Labour Day Image Credit: NAT_190502 RTA provides free international calls and nol cards in celebration of International Labour Day Image Credit: View gallery as list
In his messages on the eve of Labour Day, he said Pakistan Tehreek-e-Insaf accepts the struggle of workers.
President of Peoples Labour Bureau Jaweed Mangi and others led the World Labour day Rally.
The theme of this year's Labour Day was 'Uniting Workers for Social and Economic Advancement'.
The theme of this year's Labour Day is 'Uniting Workers for Social and Economic Advancement'.
Labour Day was an opportunity to recognize and pay tribute to the contributions the labourers had made for the progress, prosperity and wellbeing of our country, he added.
In Kenya, Labour Day is celebrated on May 1 but the date varies in the different countries.
/ RIZWAN TABASSUM 4 / 13 Indian labourers walk as they plucked tea leaves at a plantation in Ghandigram on the outskirts of Agartala on April 30, 2019, on the eve of International Labour Day celebrated on May 1.
May 1st was made an official holiday to mark Labour Day in 1923, but was banned in 1925 because of violent demonstrations.