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 ?
By portraying the Communists as as dogmatic and fanatical as the extreme Right, the Socialists advertised themselves as the last defenders of the secular republic and the only true May Day champions.
Visitors to the region looking for hotels in Liverpool Airport can enjoy the many traditions of May Day, which include the act of Morris dancing, a traditional dance that has been handed down through the generations.
The success of these festive protests and the subsequent radicalization of the annual occasion encouraged some to lay foundational claims to May Day as an international Marxist labor day, obscuring its American origins.
In early May, Peel completed a programme of 10 RC drillholes for 1,877m at the May Day gold-base metal deposit, located about 100km south of Cobar in central-western New South Wales.
Kathmandu: The international community is gravely concerned about the May Day protest announced by the Maoists.
"There are five to six times more protesters than on a normal May Day," said Francois Chereque, the head of the CFDT union.
BARCELONA - May Day is busy in Barcelona with locals off work relaxing.
Terrie May, owner of May Day Spa-lon located at 127 W.
The May Day Journey is designed to help those businesses that have signed-up to the Prince's May Day Network pledges, and explains what businesses can do to reduce carbon emissions and directs them to low carbon case studies and sources of support.
"May Day & Lei Day" is a dual sided children's book exploring the Hawaiian tradition of Lei Day, springing from the English Tradition of May Day.
MAY DAY QUEEN (Leicester 6.50) looks to bounce back from a disappointing run at Newbury on Saturday and with a change of tactics it's not unrealistic to believe she has a decent chance of leaving that form well behind her, writes Lewis Porteous.
MOTORISTS are being warned today of the "worst ever May Day bank holiday congestion" with traffic jams expected to peak tomorrow afternoon.