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 ?
Highlights from 2013 AAA Labor Day Holiday Travel Forecast include that 85% of Labour Day travellers (29.
India is among many countries that celebrate Labour Day every year on May 1.
The company has reported an increase of 25 percent in advance bookings in rentals for Labour day holidays in 2011, from that in 2010.
While most countries around the world mark Labour Day as a public holiday, the UAE does not give workers a day off.
There is an appealing sense of optimism here, a sincere desire to promote workers' contributions to society; yet Labour Day was also inherently exclusive.
In Pakistan Labour Day also known as May Day was declared a national holiday in 1972 when the first labour policy was devised.
In Hyderabad, hundreds of workers of all age groups will gather to stage a peaceful rally to commemorate Labour Day.
The service marked the beginning of National Workers Week and National Labour Day, which is being celebrated under the theme, Take a Stand: Beautify Our Land.
The resort is offering free rounds of 18 holes of golf, on purchase of a golf car fee, for US military men and women, active or retired, during the Labour Day Weekend.
In their separate messages on the occasion of International Labour Day, they said the government is resolved to provide better housing, medical and education facilities to the workforce.
In his message on International Labour Day, he pointed out that his party derives major support from the tilling and toiling classes.
The total number of 2012 Labour Day holiday travelers is expected to reach a new post-recession high, and is the third increase in holiday travel this year, according to the AAA/IHS Global Insight 2012 Labor DayHoliday Travel Forecast.