Abstract: A method and system for detection of completeness of tracing data describing globally distributed, synchronous and asynchronous transaction in real time is presented. Monitored transactions may be executed on different computers systems, connected via computer networks with different and fluctuating latencies, and timing systems of the computers systems may be subject to different time drifts. The system and method may be implemented by different, multiple collector nodes responsible for collecting and forwarding transaction tracing data to a monitoring node, responsible for correlating transaction tracing data. Collector nodes and monitoring node may reside on different computer systems, which may be connected via computer networks with different and fluctuating latencies, and timing systems of the computers systems may be subject to different time drifts.