Run-time compilation systems are challenged with the task of translating a program’s instruction stream while maintaining low overhead. While software managed code caches are utilized to amortize translation costs, they are ineffective for programs with short run times or large amounts of cold code. Such program characteristics are prevalent in real-life computing environments, ranging from Graphical User Interface (GUI) programs to large-scale applications such as database management systems. Persistent code caching addresses these issues. It is described and evaluated in an industry-strength dynamic binary instrumentation system – Pin. The proposed approach improves the intra-execution model of code reuse by storing and reusing translations across executions, thereby achieving inter-execution persistence. Dynamically linked programs leverage inter-application persistence by using persistent translations of library code generated by other programs. New translations discovered acr...