The Sobolev space of half-differentiable functions and quasisymmetric homeomorphisms

In this paper, we give an interpretation of some classical objects of function theory in terms of Banach algebras of linear operators in a Hilbert space. We are especially interested in quasisymmetric homeomorphisms of the circle. They are boundary values of quasiconformal homeomorphisms of the disk and form a group ${\operatorname{QS}(S^{1})}$ with respect to composition. This group acts on the Sobolev space ${H^{1/2}_{0}(S^{1},\mathbb{R})}$ of half-differentiable functions on the circle by reparameterization. We give an interpretation of the group ${\operatorname{QS}(S^{1})}$ and the space ${H^{1/2}_{0}(S^{1},\mathbb{R})}$ in terms of noncommutative geometry.