I applied through a recruiter. The process took 1 day. I interviewed at G-Research
Interview
1 hour test consisting of 5 probability, statistics, and programming questions. Test was then marked while I waited. I passed the test and was then seen by one of the researchers who asked me a programming type brainteaser.
I applied online. The process took 1 day. I interviewed at G-Research (London, England) in Aug 2012
Interview
Usual process with the first round of a test. I didn't pass it, so don't know the rest. The test is quite difficult. It contains 5 parts, total score for all problems > 40. To pass the test one need to get > 20 scores. But don't be to exited - you'd have only 90 min. and most of the problems are quite hard.
Interview questions [1]
Question 1
Options' pricing, probability questions about a deck of cards and games.