Register allocation is an integral part of compilation, regardless of whether a compiler aims for fast compilation or optimal code quality. State-of-the-art dynamic compilers often use global register allocation approaches such as linear scan. Recent results suggest that non-global trace-based register allocation approaches can compete with global approaches in terms of allocation quality. Instead of processing the whole compilation unit (i.e., method) at once, a trace-based register allocator divides the problem into linear code segments, called traces.In this work, we present a register allocation framework that can exploit the additional exibility of traces to select di erent allocation strategies based on the characteristics of a trace. This provides us with ne-grained control over the trade-o between compile time and peak performance in a just-in-time compiler.Our framework features three allocation strategies: a linearscan-based approach that achieves good code quality, a single-pass bottom-up strategy that aims for short allocation times, and an allocator for trivial traces.To demonstrate the exibility of the framework, we select 8 allocation policies and show their impact on compile time and peak performance. This approach can reduce allocation time by 7%-43% at a peak performance penalty of about 1%-11% on average.For systems that do not focus on peak performance, our approach allows to adjust the time spent for register allocation, and therefore the overall compilation time, thus nding the optimal balance between compile time and peak performance according to an application's requirements.