Convolution algebras associated to representations
Given a complex reductive group $G$, a representation $V$ of $G$ and a Borel-stable subspace $M \subset V$, we consider the associated Steinberg-type variety $Z$. We prove that, under a certain condition on $(V,M)$, called gluability, the equivariant Borel-Moore homology or $K$-theory of $Z$, equipped with the convolution product, is obtained as the intersection of two copies of the nil-Hecke algebra inside its localization. We also provide a description of these new algebras in terms of poles and residues. Similar results are obtained when $G$ is replaced by its loop group. This generalizes results of Ginzburg, Kapranov and Vasserot describing the affine Hecke algebra and DAHA, as well as a result of Teleman and Gannon--Webster that realizes certain Coulomb branches by gluing two copies of the universal centralizer.