1. A method of tracing events in a distributed processing environment, comprising: receiving a request to trace an event on a local processor; acquiring a sequence identifier associated with the local processor and capable of associating the event with a chronological sequence of events on the local processor; storing the sequence identifier and information about the event in a local event trace associated with the local processor; and providing the sequence identifer and information about the event to a remote processor for storage in a remote event trace.