1. A method for operating a computer system having a plurality of computing nodes, the method comprising: executing a first application on a first computing node of the plurality of computing nodes; collecting trace data into a first trace buffer coupled to the first computing node by monitoring the execution of the first application using a trace generation module coupled to the first computing node; sending a trace transfer request event to a second computing node of the plurality of computing nodes after collecting a portion of the trace data in the first trace buffer; and creating a trace transfer request trigger event in the second computing node in response to receiving the trace transfer request event from the first computing node, and, in response to the trace transfer request trigger event, initiating in the second computing node a read transfer of the trace data to a memory address in the second computing node associated with the temporary trace buffer of the first computing node.