I applied through university. The process took 4 weeks. I interviewed at Optiver (Chicago, IL) in Oct 2014
Interview
I went to the big day in Optiver. The interview process took less than 1 month. They made quick decisions, responded quickly. All the interviewers were very friendly and smart. Nothing technical but they threw tough questions on you and see if you can be a good trader. In general the interview process is awesome.