Traces on algebras of parameter dependent pseudodifferential operators and the eta-invariant

We identify Melrose's suspended algebra of pseudodifferential operators with a subalgebra of the algebra of parametric pseudodifferential operators with parameter space $\R$. For a general algebra of parametric pseudodifferential operators, where the parameter space may now be a cone $\Gamma\subset\R^p$, we construct a unique ``symbol valued trace'', which extends the $L^2$-trace on operators of small order. This allows to construct various trace functionals in a systematic way. Furthermore we study the higher-dimensional eta-invariants on algebras with parameter space $\R^{2k-1}$. Using Clifford representations we construct for each first order elliptic differential operator a natural family of parametric pseudodifferential operators over $\R^{2k-1}$. The eta-invariant of this family coincides with the spectral eta-invariant of the operator.