Local cyclic homology

Local (cyclic) homology of filtered associative algebras is defined and discussed. In the commutative case, it fits naturally in the setting of (formal) de Rham cohomology; we thus obtain a satisfactory complement to a result of Feigin and Tsygan. There is a spectral sequence from discrete (cyclic) homology of the associated graded algebra to local (cyclic) homology of the original filtered algebra; we exhibit manageable conditions on its convergence.