The recent concept of modular localization of wedge algebras suggests two methods of classifying and constructing QFTs, one based on particlelike generators of wedge algebras using on-shell concepts (S-matrix, formfactors. crossing property) and the other using the off-shell simplification of lightfront holography (chiral theories).The lack of an operator interpretation of the crossing property is a serious obstacle in on-shell constructions. In special cases one can define a "masterfield" whose connected formfactors constitute an auxiliary thermal QFT for which the KMS cyclicity equation is identical to the crossing property of the formfactors of the master field.Further progress is expected to result from a conceptual understanding of the role of on-shell concepts as particle states and the S-matrix within the holographic lightfront projection.
History of the crossing propertyThe so-called crossing property of the S-matrix and formfactors 1 is a deep and important, but at the same time incompletely understood structure in particle physics. As a result of its inexorable link with analyticity properties in the quantum field theoretic setting of scattering theory, crossing is not a symmetry in the standard sense (of Wigner), even though it is often referred to as "crossing symmetry".1 In the setting of formfactors i.e. matrix elements of operators between multiparticle ket instates and bra out-states the S-matrix is a special case of a (generalized) formfactor associated with the identity operator.