In noncommutative geometry a geometric space is described from a spect
ral vantage point, as a triple (A, H, D) consisting of a -algebra A r
epresented in a Hilbert space H together with an unbounded selfadjoint
operator D, with compact resolvent, which interacts with the algebra
in a bounded fashion. This paper contributes to the advancement of thi
s point of view in two significant ways: (1) by showing that any pseud
ogroup of transformations of a manifold gives rise to such a spectral
triple of finite summability degree, and (2) by proving a general, in
some sense universal, local index formula for arbitrary spectral tripl
es of finite summability degree, in terms of the Dixmier trace and its
residue-type extension.