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The art of war is simple enough.  Find out where your enemy is.  Get at him as soon as you can.  Strike him as hard as you can, and keep moving on.”
— Ulysses S. Grant (1822–1885)

Self-Regulatory Organizations; Chicago Mercantile Exchange Inc.; Notice of Withdrawal of Proposed Rule Change Related to Clearing of Certain iTraxx Europe Index Untranched CDS Contracts on Indices Administered by Markit

November 18, 2014.
On August 11, 2014, Chicago Mercantile Exchange Inc. (“CME”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934

and Rule 19b-4 thereunder,

a proposed rule change (SR-CME-2014-31) seeking to enable CME to offer clearing of certain iTraxx Europe index untranched CDS contracts on indices administered by Markit (“iTraxx Contracts”). Specifically, the proposed rule change would update CME’s CDS Product Rules to provide for the clearing of the iTraxx Contracts. Notice of the proposed rule change was published in the Federal Register on August 18, 2014.

Notice of Amendment No. 2 to the proposed rule change was published in the Federal Register on October 1, 2014.

The Commission did not receive comments on the proposal.

On October 2, 2014, the Commission extended the time period in which to either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change to November 16, 2014.

On November 14, 2014, CME withdrew the proposed rule change (SR-CME-2014-31).

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