Ring and module structures on $K$-theory of leaf spaces and their application to longitudinal index theory

Pursuing conjectures of John Roe, we use the stable Higson corona of foliated cones to construct a new $K$-theory model for the leaf space of a foliation. This new $K$-theory model is – in contrast to Alain Connes’ $K$-theory model – a ring. We show that Connes’ $K$-theory model is a module over this ring and develop an interpretation of the module multiplication in terms of indices of twisted longitudinally elliptic operators.