Factorization of Time-Ordered Exponentials for Wiener Space Transformations

We develop an operator-algebraic framework for change-of-variables formulas on Wiener space, interpreting them as arising from hidden symmetries acting on observables.

We show that general transformations can be represented by time-ordered exponentials generated by annihilation and creation operators, and that these admit an explicit factorization into a determinant, a multiplication operator, and a translation operator.

Taking expectations recovers the classical formulas, including the Ramer--Kusuoka formula.