We introduce two new operations (compositional products and implication) on Weihrauch degrees, and investigate the overall algebraic structure. The validity of the various distributivity laws is studied and forms the basis for a comparison with similar structures such as residuated lattices and concurrent Kleene algebras. Introducing the notion of an ideal with respect to the compositional product, we can consider suitable quotients of the Weihrauch degrees. We also prove some specific characterizations using the implication. In order to introduce and study compositional products and implications, we introduce and study a function space of multi-valued continuous functions. This space turns out to be particularly well-behaved for effectively traceable spaces that are closely related to admissibly represented spaces.

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