The head of CME Group Inc. (CME) said Wednesday that the exchange operator will make another push into clearing over-the-counter currency products later this year.

Chief Executive Craig Donohue said that CME will add a suite of foreign exchange products to its existing OTC clearing service.

It will be expanded to include all major product classes, including swaps, forward and options contracts.

The announcement, at an industry conference in Chicago, comes a year after CME closed a loss-making currency clearing joint venture with Reuters. The London-based FXMarketSpace unit was launched with much fanfare in 2006. The partners touted the advantages of a centrally-cleared platform, but it failed to gain traction in a market dominated by bilateral OTC trades.

-By Jacob Bunge, Dow Jones Newswires; (312) 750 4117; jacob.bunge@dowjones.com