Abstract
We define the notion of a closed star product. A (generalized) star product (deformation of the associative product of functions on a symplectic manifold W) is closed iff integration over W is a trace on the deformed algebra. We show that for these products the cyclic cohomology replaces the Hochschild cohomology in usual star products. We then define the character of a closed star product as the cohomology class (in the cyclic bicomplex) of a well-defined cocycle, and show that, in the case of pseudodifferential operators (standard ordering on the cotangent bundle to a compact Riemannian manifold), the character is defined and given by the Todd class, while in general it fails to satisfy the integrality condition.
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