Motivated by the search for solutions of the quantum Yang-Baxter equation,
an algebraic theory of quantum stochastic product integrals is developed. T
he product integrators are formal power series in an indeterminate h whose
coefficients are elements of the Lie algebra L labelling the usual integrat
ors of a many-dimensional quantum stochastic calculus. The product integral
s are also formal power series in h, whose coefficients are finite iterated
additive stochastic integrals which act on the exponential domain in the F
ock space of the calculus and which represent elements of the universal env
eloping algebra U of L. They obey a multiplication rule suggested by the qu
antum Ito product formula, and are characterized among all such formal powe
r series by a grouplike property. (C) 2000 American Institute of Physics. [
S0022-2488(00)02107-1].