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Secondary Traces

We study an invariant, the secondary trace, attached to two commuting endomorphisms of a 2-dualizable object in a symmetric monoidal higher category. We establish a secondary trace formula which encodes the natural symmetries of this invariant, identifying different realizations as an iterated trace. The proof consists of elementary Morse-theoretic arguments (with many accompanying pictures included) and may be seen as a concrete realization of the cobordism hypothesis with singularities on a marked 2-torus. From this perspective, our main result identifies the secondary trace with two alternative presentations coming from the standard generators S and T of the mapping class group SL_2(Z). We include two immediate consequences of the established invariance. The first is a modular invariance property for the 2-class function on a group arising as the 2-character of a categorical representation. The second is a generalization (for coherent sheaves or D-modules) of the Atiyah-Bott-Lefschetz formula conjectured by Frenkel-Ngô in the case of a self-map of a smooth and proper stack over a general base.