A method may include receiving one or more monitoring event definitions at an accelerator device from a first logical software entity to a first endpoint of the accelerator device having the first endpoint assigned for access by the first logical software entity, a second endpoint assigned to a second logical software entity such that second endpoint appears to the second logical software entity as a logical hardware adapter, and a third endpoint assigned to a third logical software entity, the accelerator device for accelerating data transfer operations between the second logical software entity and the third logical software entity via the second endpoint and the third endpoint. The method may also include monitoring by the accelerator device for one or more defined monitoring events occurring during the data transfer operations and communicating monitoring information to the first logical software entity from the accelerator device via the first endpoint.