On the Hardy space of the circle, a continuous symbol gives a Fredholm Toeplitz operator exactly when it never vanishes. Nonvanishing gives a parametrix modulo compact semicommutators. Write , where is its counterclockwise winding number and is continuous. Homotopy through nonvanishing symbols and local constancy of the Fredholm index reduce the index to that of the shift , namely . If vanishes at a point, normalized Hardy reproducing kernels concentrating there are weakly null unit vectors on which tends to zero, contradicting a Fredholm parametrix.
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