In this paper we introduce the Yokonuma–Temperley–Lieb algebra as a quotient of the Yokonuma–Hecke algebra over a two-sided ideal generated by an expression analogous to the one of the classical Temperley-Lieb algebra. The main theorem provides necessary and sufficient conditions for the Markov trace defined on the Yokonuma–Hecke algebra to pass through to the quotient algebra, leading to a sequence of knot invariants which coincide with the Jones polynomial.
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