A system and method for the storage, within one or more virtual execution context registers, tracing information indicative of process/code flow within a processor system. This stored information can include a time stamp, information indicative of where the instruction pointer of the system was pointing prior to any process discontinuity, information indicative of where the instruction pointer of the system was pointing after any process discontinuity, and the number of times a specific instruction or sub-process is executed during a particular process. The data collected and stored can be utilized within such a system for the identification and analysis of processing hot-spots.