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The modern approach to defining the modular automorphism group is through the theory of noncommutative L_p-spaces. This was pioneered by Haagerup in 1979 \cite{Haagerup} and Yamagami in 1992 \cite{Yamagami}.
In this approach, given a von Neumann algebra , a faithful semifinite normal weight on , and an imaginary number , the modular automorphism associated to , , and is
This approach makes it easy to deduce various properties of the modular automorphism group.
For more details, see a MathOverflow answer.
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