"Download the official eosio.token from eos repository
Compile and deploy it to your contract"
I don't think you need to setup a new eosio.token contract account.
eosio.token contract supports multiple tokens. You can issue your token using same account as was used to issue EOS tokens.
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They are still building a bidding system, if I'm not wrong for now only
eosio.token
account can create tokens there.