Geometric representations of the formal affine Hecke algebra

For any formal group law, there is a formal affine Hecke algebra defined by Hoffnung, Malag'on-L'opez, Savage, and Zainoulline. Coming from this formal group law, there is also an oriented cohomology theory. We identify the formal affine Hecke algebra with a convolution algebra coming from the oriented cohomology theory applied to the Steinberg variety. As a consequence, this algebra acts on the corresponding cohomology of the Springer fibers. This generalizes the action of classical affine Hecke algebra on the $K$-theory of the Springer fibers constructed by Lusztig. We also give a residue interpretation of the formal affine Hecke algebra, which coincides with the residue construction of Ginzburg, Kapranov, and Vasserot when the formal group law comes from a 1-dimensional algebraic group.